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Out-of-Pocket Spending as a Share of Average Social Security Benefit (1970-2010)

This report examines the evolution of out-of-pocket spending as a percentage of the average Social Security benefit from 1970 to 2010. It includes expenses associated with Supplementary Medical Insurance (SMI) such as Part B and Part D premiums, along with cost-sharing for SMI-covered services. Data is sourced from the Kaiser Family Foundation's analysis based on the 2012 Annual Report of the Boards of Trustees of the Federal Hospital Insurance and Federal SMI Trust Funds. The findings highlight the growing financial burden on retirees.

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Out-of-Pocket Spending as a Share of Average Social Security Benefit (1970-2010)

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  1. Part B and Part D Out-of-Pocket Spending as a Share of Average Social Security Benefit, 1970-2010 NOTE: SMI is Supplementary Medical Insurance. Out-of-pocket spending includes SMI (Part B and Part D) premiums and out-of-pocket cost-sharing expenses for SMI covered services. SOURCE: Kaiser Family Foundation analysis based on data from 2012 Annual Report of the Boards of Trustees of the Federal Hospital Insurance and Federal Supplementary Medical Insurance Trust Funds.

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