The U.S. population is aging, and naturally healthcare costs rise in older age groups. A new Kaiser Family Foundation study has quantified how much Medicare spending increases in the aging population, according to a Mnet report. Here are three things to know from the study.
• Medicare beneficiaries ages 80 and older account for the largest portion of Medicare spending.
• Spending per capita more than doubles in patients ages 70 to 96, increasing from $7,566 to $16,145.
• Spending declines once again for beneficiaries living in their late 90s and longer.
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