A new AARP study showing retail prescription prices haveincreased six times faster than the general inflation rate since2006 underscores the possibility that the Government AccountabilityOffice may be seriously underestimating how muchhealth care is costing retirees.

The AARP study also found that the average annual cost oftherapy for one prescription drug totals more than $11,000, whichequals a whopping 75 percent of the average annual social securitybenefit.

A commentary from retirement health care cost modeling providerHealthView said that, in addition to underestimating how muchretirees pay for health care premiums, the GAO study failed to takeinto account health care inflation — and the AARP study certainlyappears to back that up.

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