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Paying for prescription drugs represented the most serious financial problem for Medicare beneficiaries in 2018.
Paying for prescription drugs represented the most significant financial problem for Medicare beneficiaries in 2018, listed as the greatest financial hardship by 30% of respondents. This was followed by hospital bills at 25%, as well as ambulance bills and emergency department visits at 20% each.
Many Medicare beneficiaries have suffered significant financial consequences as a result of their illnesses, such as using most or all of their savings, receiving calls from debt collection agencies, or lacking the means to pay for basic necessities.