Our panelists tell three stories about someone ignoring all the warning signs while reaching for the stars, one of which is true.
High health care costs put strain on seniors
The Great Recession of 2008 took a toll on older Americans. A report from the AARP Public Policy Institute says the typical senior has seen a lower income and higher expenses. State AARP director David Mitchell says one place that's showing up is in the cost of health care, where seniors are spending an average of $3,100 a year.
“Right here in
Mitchell says the reason health care costs are higher here is that many seniors are using high-cost specialty health-care programs that are not completely covered by Medicare.