If you can believe it, even after a drug goes off patent, drug companies can pay the generic drug manufacturers to hold off making the generic version of the drug. It’s called “pay for...
Diane Archer
Older adults are rising up for financial security: Are you ready...
As their cost of living grows while their incomes remain flat, older adults in the US and abroad are protesting, reports the New York Times. Older adults are rising up for financial security. Many...
Medicare Trustees project Medicare Trust Fund to last until 2030...
Medicare is in relatively good financial health for the moment. In their 2014 report, the Medicare Trustees project Medicare’s trust funds to last four years longer than projected a year ago...
Medicare: Its Beginnings
On July 30, 1965, almost 50 years ago, Congress enacted Medicare to ensure that older adults had health insurance. Back then, almost half of Americans over 65 were uninsured, either no insurer was...
Debt collection is a serious concern for older Americans
Debt collection has become a big business, with 30 million Americans (14.6 percent) having at least one debt in collection. According to the Consumer Financial Protection Bureau, older Americans...
Free pension help and 401 (k) plan help
Do you need free pension help? The spending bill Congress passed in December 2014 allows multi-employer pension plans that are underfunded to cut pension benefits for retirees; while it hurts...
Medicare costs are dropping
This 2014 chart from The New York Times shows that, thanks to the Affordable Care Act, projected Medicare costs are dropping significantly. According to the NYT, “the reduced estimates mean...
More Americans planning to work past age 65
More Americans are planning to delay retirement and work longer. A 2014 CBS news poll shows that a little more than half of Americans who have not yet retired say they plan to retire by the time...
Are you ready to start thinking about long-term care? Perhaps...
It’s time to start thinking about long-term services options. According to a new Health Affairs report, most Americans underestimate their future need for long-term care services and supports and...
How our health care system hurts millions of working people
A recent Health Affairs post by Uwe Reinhardt explains why the government’s support of health insurance with high deductibles and copays is just a form of rationing based on income, benefiting the...