GROUP HEALTHCARE BENEFIT COSTS: ARTICLE REVIEW

Group Healthcare Benefit Costs: Article Review



Group Healthcare Benefit Costs: Article Review

In conjunction with Social Security, Medicare has significantly decreased the number of elderly living in poverty. In 1959, 35.2 percent of Americans over 65 were living below the poverty line and in 2004 (Gornick, 2006), roughly 10 percent of seniors were living in poverty. As a group, the elderly spend a higher proportion of their income on healthcare than the general population. This is due to the combination of their higher healthcare costs, on average four times that of the under age 65 population, and ...