95% of Medicare beneficiaries worry about inflation's impact on health costs

Nearly all Medicare beneficiaries surveyed are worried about inflation's impact on healthcare costs, according to a July 28 report from the private health insurance marketplace eHealth.

More than 2,500 people who purchased Medicare, supplemental Medicare ("Medigap") and Medicare Part D plans from eHealth were surveyed in July, according to the report.  

Six things to know:

1. Ninety-five percent of those surveyed said they are concerned about inflation's impact on healthcare costs.

2. Forty-five percent said their healthcare costs have already increased due to inflation. 

3. Thirty percent said their Medicare premiums are already unaffordable. 

4. Forty-nine percent said their Medicare coverage would become unaffordable if their premiums increased 10 percent or less. 

5. Fifty-two percent said their prescription drug costs would become unaffordable if their premiums increased 10 percent or less. 

6. Eighty-six percent said Medicare should directly negotiate with pharmaceutical companies to lower drug costs.  

Read the full report here

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