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Medicare is great for seniors, but it doesn’t stem the growth in out-of-pocket spending.

Forbes contributor Howard Gleckman takes a look at the the estimate that the “typical senior will spend one out of every seven dollars of retirement income on medical care, a 40 percent increase from 2012.” With the increase in out-of-pocket costs have a disproportinate impact on low-income households, the issue presents a challenge for the economy in the years ahead. Read his post here…

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