"The results from the Census Bureau reports and our analysis show that the experimental poverty rates are higher than the current official poverty rates, particularly for older persons in 2001. The results indicate that it is important to precisely include medical out-of-pocket expenditures in experimental poverty estimates. The results also suggest that reducing the burden of medical out-of-pocket expenditures on older persons, (through prescription drug coverage under Medicare, for example), could potentially have a significant effect on reduction of poverty in this population."
Source: AARP Public Policy Institute
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