Social Security Benefits Losing Ground to Health Care Costs
HealthView Services (HVS ), considered to be a leading producer of health care cost-projection software, forecasts that health costs for today’s workers will at some point eclipse their Social Security benefits. Driven by a projected health care cost inflation rate of roughly 5.5%, this looming problem casts a long shadow over the likely Cost of Living adjustments (COLAs) anticipated for Social Security beneficiaries. Mary Beth Franklin, contributing editor at InvestmentNews, takes a look at the implications that can be drawn from HVS’ third annual “Retirement Health Care Data Report“ and offers commentary on the road ahead. Read her www.investmentnews.com post here…
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