Addressing Out of Pocket Costs for Older Adults with PAN Foundation’s Amy Niles for This Is Growing Old
Published November 12, 2021
Being able to afford out-of-pocket prescription drug medications is a problem for millions of Americans, especially older adults. Every year, Medicare beneficiaries pay on average over 3,200 in out-of-pocket expenses for prescription drugs. For an older adult on a fixed income, this is no small chunk of change. Alliance for Aging Research Vice President of Public Policy Michael Ward is joined by Amy Niles, Executive Vice President of the PAN Foundation to talk about why out-of-pocket costs are so high, the real-world impacts of growing out-of-pocket costs for older adults, and what we can do about it.