More Bad News on Retiree Health Care Costs

There is no end to the gloomy prognostications regarding the challenges that Boomers face in retirement. The latest is a study by the Urban Institute, "Will Health Care Costs Bankrupt Aging Boomers," that contends rising health care costs will pose a significant threat to Boomers' financial security in their post-65 years. Between 2010 and 2040, median out-of-pocket medical expenses and insurance premiums for Americans 65 and older will more than double in constant 2008 dollars - from about $2,500 a year to about $6,200. (Those figures do not include the cost of long-term care, which typically does not require medical treatment.)