Healthcare workers in Massachusetts got good news twice this past week.First, the Supreme Court upheld the Affordable Care Act and its insurance exchange rules—a system expected to add some 360,000 Massachusetts residents to the healthcare rolls. On Friday, about 35,000 workers who areproviding disability and senior care through state programs got a major pay raise. […]
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 […]
