While statistics are somewhat sketchy on the topic, most research suggests that the average retirement-age household has managed to set aside roughly $200,000-$250,000 for their golden years. Unfortunately, they'll need more than that just to cover their healthcare costs. Per Bloomberg notes today, the average 65-year-old couple will need roughly $275,000 to cover their healthcare costs during retirement...and that's with Medicare.
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(Image: Lauren Walker / Truthout)
Many prominent Democrats remain unwilling to fight for Medicare for All, but the people are no longer taking "no" for an answer. Resistant Democrats are facing pressure from constituents and primary challenges from progressive candidates.(Image: Lauren Walker / Truthout)
This piece is part of Fighting for Our Lives: The Movement for Medicare for All, a Truthout original series.
You may have noticed that quite a few of the formerly united states of America have been choosing to go their own way. My own state, Massachusetts, now blooms with sanctuary cities sworn to protect residents from federal intrusion. Its attorney general, Maura Healey, was among the first to raise the legal challenge to President Trump's Muslim bans. She also sued Education Secretary Betsy DeVos and the Department of Education for abandoning rules meant to protect students from exploitation by private for-profit schools.
Two federal investigations -- one examining opioid sales, another about a multiple sclerosis drug whose price had soared to $34,000 a vial -- were only part of the troubles Mallinckrodt faced as the year began.
The stock of the drugmaker, whose United States headquarters are in St. Louis, was tanking. Wall Street worried that Medicare might reduce the half-billion dollars it was spending yearly on a Mallinckrodt drug with limited evidence of effectiveness.
As congressional Republicans try to pass an unpopular plan that would roll back the Affordable Care Act (ACA) and cause an estimated 22 million Americans to lose their health insurance, a House bill to expand the publicly-funded Medicare program from just senior citizens to every American is picking up record support -- and not just among the usual progressive suspects but also from conservative Southern Democrats.