Chart of the Day: The “Crushing” Cost of Hospital Care
Most Medicare recipients are aware that health care costs are mounting as Americans enter their 60s, 70s and beyond. The Wall Street Journal aimed to answer just how much of Medicare spending goes to hospital care in the following chart. The expenses begin to surge when most people qualify at age 65, with the total hovering above $5 billion for each year beyond.
The coverage also shows that just 10% of the 24 million people receiving Medicare benefits accounted for 64% of the cost in 2009.
View the original Wall Street Journal article.
Written by Elizabeth Ecker