While the world is fixated on Brexit, there is another story of significance to Americans dealing with the rising costs of health care. The 2017 Medicare Trustees Report came out and costs to many recipients are going up significantly. For the 30% of Medicare recipients in the upper income levels, Medicare premiums are going up 22%, beginning in January. Medicare parts A, B and Medicaid are all going broke. For seniors, medical costs are the single fastest growing expense in the retirement budget. This is one of the reasons that the Lifetime Income Series will continue to air interviews about healthy aging and the prevention of certain age-related diseases. Jim and John illustrate these rising health care costs with a case study.
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