Health Costs for Retirees in the United States

The increasing budget deficits and higher pension costs – expenditure in health benefits for retirees in rising by 20% every year – are the result of baby boomers1 and longer life expectancies, on top of the high health care inflation rates. Changes in several states are occurring rapidly; in New Hampshire, for example, the financing of health insurance has stopped for many future retirees. In several cases, retirees have been pushed to assume more of their health costs, whereas some have eliminated or plan to eliminate retiree health benefits for new hires. To read the full article published by The New York Times, click here.

1 Is a person who was born during the demographic Post-World War II baby boom