Title:

Racial Differences in the Medical Spending of Older Americans, No. 24-31

PREVIOUS | NEXT

Racial Differences in the Medical Spending of Older Americans, No. 24-31

DATE: October 2024

PART OF: AUTHORS:

ABSTRACT:

The medical expenses of older Americans are covered by multiple payors. In most cases, the principal payor is Medicare, a federally funded health insurance program for those 65 and older. However, additional payments may be made out of pocket by the household itself, by individually purchased or employer-provided private insurance, by Medicaid (a government program for poorer households), or by other smaller public or private payors. Also, some medical expenses are simply defaulted on and go unpaid.

Download (pdf) View Full Text

Share this page:


Diversity is critical to the Federal Reserve, and we are firmly committed to fostering a diverse and inclusive culture throughout the Federal Reserve System. Collections within FRASER contain historical language, content, and descriptions that reflect the time period within which they were created and the views of their creators. Certain collections contain objectionable content—for example, discriminatory or biased language used to refer to racial, ethnic, and cultural groups. These viewpoints and attitudes are inconsistent with our values, but the original descriptions are retained to ensure that they are not erased from the historical record.
Save & Share
less

Federal Reserve Bank of Richmond. "Racial Differences in the Medical Spending of Older Americans, No. 24-31" in Economic Brief (October 2024). https://fraser.stlouisfed.org/title/6034/item/678397, accessed on January 23, 2025.

More Information
less

THEMES:

Metadata (XML)
Metadata (JSON)