Will Health Care Costs Erode Retirement Security?

Research Report

Will Health Care Costs Erode Retirement Security?

Abstract

The Medicare trustees predict that health care costs will rise steadily over the next 30 years, threatening the solvency of the program and the retirement security of older Americans. The projections in this report show that if current policies continue, income after taxes and health care spending for the typical older married couple will be no higher in 2030 than it was in 2000, despite 30 years of productivity growth. The increased health care burden will be particularly painful for those at the lower end of the income distribution who do not qualify for Medicaid.

Research Area: 

Cross-Center Initiative

Cross-Center Initiative: 
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