Medicare and Medicaid at 50

Medicare and Medicaid, the two mainstays of government health insurance, turn 50 this month, having made it possible for most Americans in poverty and old age to get medical care. While the Affordable Care Act fills the gap for people who don’t qualify for help from those two programs, there are important improvements still needed […]

Obamacare rates on the rise

The Affordable Care Act has weathered its share of punches in recent weeks, including a Supreme Court challenge that could have led to its unraveling. Its next bout could hit consumers in the pocketbook. In Florida, several big-name insurance providers – including Aetna,Cigna, Coventry and United Healthcare – have already proposed double-digit rate increases for […]

Medical Spending of the U.S. Elderly

We use data from the Medicare Current Beneficiary Survey (MCBS) to document the medical spending of Americans aged 65 and older. We find that medical expenses more than double between ages 70 and 90 and that they are very concentrated: the top 10% of all spenders are responsible for 52% of medical spending in a […]