The rising cost of health care has been – and continues to be – an ongoing subject of political debate. More important, it is the topic of conversations at kitchen tables across the country. Every day, millions of Americans are struggling to pay for insurance premiums and copays, prescription drugs and treatments, medical equipment, and long-term care while still putting food on the table, covering the mortgage or rent, and paying the bills. Americans with high health care costs can get some measure of relief by taking the medical expense deduction when they file their taxes. But, unless Congress takes action, 4.4 million Americans who are sick and count on this deduction to afford their medical bills will face higher taxes next year.
November is National Veterans & Military Families Month, and today – Veterans Day – I want to take the time to honor and thank the millions of Americans who have served our country. Though AARP’s commitment to veterans extends beyond this commemorative month and day, it’s important that we recognize and appreciate those who have served our country in the armed forces, committing themselves to fight for and protect our rights. Veterans, active-duty military, and their families deserve our gratitude. And, we at AARP are honored to support the nearly 4 million AARP members who have served.
A few weeks ago, I had the opportunity to participate in a community listening session hosted by the Federal Reserve Board of Governors here in Washington, DC. This was one in a series of “Fed Listens” events around the country that bring together business and non-profit leaders, academics and other stakeholders to share their thoughts on how the Fed’s policies and practices impact different constituencies. At a time when economic anxiety is high and trust in many of our national institutions is shaky, I am especially appreciative when the organizations that help manage our money… or in this case the nation’s money supply... take steps to be more accessible and responsive to the people they serve.
Every day, millions of Americans dutifully open a bottle – or two, three, or more – and swallow pills prescribed by a health provider. On average, older adults take four to five prescription drugs a month. But, nearly a third of Americans age 19-64 say that they have not taken the medicine that their doctor wants them to take because it’s too expensive. The skyrocketing cost of prescription drugs is forcing them to make tough decisions that put their health at risk.
Search AARP Blogs