Submitted by Priceonomics
Imagine working your entire life with the plan to retire at the age of 65, only to declare bankruptcy due to medical costs and losing all your assets.
This isn't some unlikely nightmare scenario; the rate of senior citizens declaring bankruptcy has more than doubled since 1999, and the leading cause is high healthcare costs. Despite the existence of Medicare insurance for seniors, it doesn't cover all costs and healthcare can be extremely expensive, especially as...
Read this story at Zero Hedge