Health and Healthcare

Medical Bills and Bankruptcy

The Physicians for a National Health Program (PNHP) highlights a 2007 Harvard study of bankruptcies as a need for national health insurance.  The study, published June 4 by the American Journal of Medicine, found that “half of U.S. bankruptcies, affecting 2 million people annually, were attributable to illness or medical bills.”  About 78% of those [...]

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Overview on Long Term Care Insurance

Long-term care insurance, or LTC, is an issue that many aging, retirees, and families are concerned about.  Often the cost of nursing homes or home aids creates a financial strain on families.  A private room in a nursing home costs $219 a day ($79,935 a year).  Assisted living facilities cost $37,572 a year (AARP).  Long-term [...]

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The Future of Medicare

According to the Kaiser Family Foundation, “Financing care for future generations is perhaps the greatest challenge facing Medicare, due to sustained increases in health care costs, the aging of the U.S. population, and the declining ratio of workers to beneficiaries.”  From 2010 to 2030, the number of people on Medicare is projected to increase from [...]

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