The Global Gap In Health Care Dollars For Young And Old Is Huge
The United States spends a lot of money taking care of the health needs of old people. In 2010, for example, each person 65 and older received $18,424 in health care services. That’s five times more than the $3,628 in spending per child under 18, and three times more than the $6,125 per working-age adult, according to the Centers for Medicaid and Medicare Services. “In the developed world, people live longer with very intense disease — and costly treatment,” says Vegard Skirbekk, professor at Columbia University’s Aging Center. In the…
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