Vidal Balielo Jr. | Unsplash
Health-care costs are soaring, but don’t blame old people
The per-person allocation for those over 65 is actually shrinking
Health-care expenditures have doubled since 2002, but most of that change can be attributed to the 91% increase in costs for those aged 18 to 64. In the last 10 years, the percentage of the US population over 65 has grown from 12% to 16%, but its share of total health-care spending has remained flat, meaning the per-person allocation for those over 65 is actually shrinking.