An American couple retiring at age 65 this year could expect to spend $280k+ in retirement on health bills.
As part of his presidential campaign, Pete Buttigieg wants older Americans to have more choices for long-term care, and he wants it to be affordable, too.
“I am determined to usher in a new era for older Americans, one that empowers them to age and retire with dignity,” he said in his announcement on Monday.Long-term care includes most activities that support a person’s everyday living, such as eating, bathing and going to the restroom. Medicaid currently pays for more than half of Americans’ long-term care, according to the Kaiser Family Foundation, followed by other public funds, out-of-pocket payments and private insurance.
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