But these averages are often misleading in the sense that younger people don’t usually need as many prescriptions as seniors. In addition, with 10,000 Baby Boomers turning 65 every day, the number of Americans on reduced fixed incomes baring the burden of high drug prices and insurance deductibles is skyrocketing. Many have to choose between quality food and medicine. Either way longevity is severely reduced.
The drug industry says discounted programs exist for such people, but that just underlines the insanity of the system—that we need special programs for people who have to pay list prices for a product.
Reverse mortgages can save lives. If you know a retiree who is having trouble making ends meet and still living in their own home, a program to provide enough income to pay for basic needs and medication can be a life saver and guarantee that they age in place comfortably.