Costs put healthcare out of reach for many aging Americans
Summary
Many older Americans find it hard to afford healthcare costs as they age. A couple in New York spent all their savings paying for medical care before they qualified for Medicaid, a government health program.Key Facts
- Healthcare expenses can drain retirement and savings for aging people.
- Some must pay out of pocket for care before government help begins.
- Medicaid is a program that helps low-income and elderly people with medical costs.
- Many Americans face similar difficulties affording healthcare as they grow older.
- This problem affects financial security for retirees and their families.
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