Retired couples may need $240,000 for health care
MARK JEWELL AP Personal Finance Writer
BOSTON (AP) - Couples retiring this year can expect their medical bills throughout retirement to cost 4 percent more than those who retired a year ago, according to an annual projection released Wednesday by Fidelity Investments.
The estimated $240,000 that a newly retired couple will need to cover health care expenses reflects the typical pattern of projected annual increases. The Boston-based company cut the estimate for the first time last year, citing President Barack Obama's health care overhaul. Medicare changes resulting from that plan are expected to gradually reduce many seniors' out-of-pocket expenses for prescription drugs.
Read more: http://www.kypost.com/dpp/money/retired … z1uNrzGwvz
Health care is rising at an alarming rate. We need to get medical care costs under control
The shocker for many Americans is that this is a conservative figure and many only dream of having this amount or more for their retirement, not just for healthcare during their golden years.
I guess I failed to understand how social medicine could be called 'free health care' in the first place. It's not that we want 'free' health care, how about using Our taxes to pay for Our health care since we have to pay taxes anyway? The politicians get health care on Our tax dime, why can't we? So that is Not free health care anyway.
by CC 4 years ago
Can the United States afford to have free health care for all? Why or why not?
by AnalogousMethod 9 years ago
Your neighbor comes up to you and tells you he can break into a rich guy's home, steal a bunch of jewelry, and pay for your surgery. Would you ask him to do that for you?
by Georgiakevin 13 years ago
I simply do not understand why people are fighting health care reform. I have heard the arguments against it and I keep saying how is that worse than being held hostage by the insurance companies? My insurance cost keeps going and in turn I get less and less coverage. They say the govt run...
by Jezzzz 13 years ago
I hear every day about how Obama is not telling the truth about health care reform. I would like to be educated about the subject. What is he saying that just get under your skin about health care reform. And if it get under your skin, how would he need to change to have you to...
by vshining 13 years ago
We all know affordable healthcare in America do not exist and it's sad because America is suppose to be the land of the plenty, but yet we have people dying because they can't afford healthcare.I appreciate the President for wanting to help the poor and middle class people that can’t afford...
by fishskinfreak2008 12 years ago
Web-site/URL: http://news.yahoo.com/s/ap/20100308/ap_ … h_overhaul"President Barack Obama accused insurance companies of placing profits over people and said Republicans ignored long-festering problems when they held power as he sought to build support Monday for swift passage of...
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