In a recent survey by Harris Interactive (on behalf of RetireSafe and the National Association of Nutrition and Aging Services Programs [NANASP]), 81 percent of seniors who have Medicare coverage indicated that having to pay any more for Medicare benefits in the future would put either a heavy or serious financial burden on them, causing them to make tough sacrifices.

Sacrifices that seniors said they would have to make included:

  • Going to the doctor less (59 percent)
  • Postponing medical procedures or tests (58 percent)
  • Rationing medications (37 percent)
  • Failing to get prescriptions filled (20 percent)
  • Returning to work to cover additional costs (18 percent)
  • Discontinuing Part D coverage (12 percent)

"As Congress considers legislation on the debt ceiling, these concerns of seniors should factor into what they decide on the future of Medicare," said Robert B. Blancato, NANASP's executive director, in a statement. "It is not shared sacrifice when seniors are forced to choose between maintaining their health and gambling with it by not doing regular doctor visits or getting required tests."

When asked whether they would support or oppose changing Medicare coverage in order to reduce the federal budget deficit, 79 percent of seniors said that they oppose changes. Only 10 percent of women aged 65 and older support the idea of changing Medicare to reduce the deficit.

Continue Reading for Free

Register and gain access to:

  • Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.