Statements regarding aging and healthcare costs


Question: Which of the following statements regarding aging and healthcare costs is NOT true? Question options: At age 90 years, the cost of healthcare services for women plateaus while the cost for men continues to escalate. From 60 years of age to 90 years of age, the cost of healthcare services for men and women escalates at the same rate. The Medicare costs for a 95-year old retiree is 3 times higher for an individual who retired at 55 years of age than one who retired at 70 years of age. Scholars have documented that 25% to 30% of lifetime medical expenditures occur in the last year of life with 80% of those costs occurring in the last 60 days of life.

 

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Accounting Basics: Statements regarding aging and healthcare costs
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