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Out-of-Pocket Spending on Health Care by Medicare Beneficiaries Age 65 and Older in 2003
AARP 
Oct. 7, 2004
Excerpt: Using data derived from their analyses of the Medicare Benefits Model, v5.306, Craig Caplan and Normandy Brangan project average out-of-pocket health care spending by Medicare beneficiaries age 65 and older in 2003. According to their analysis, non-institutionalized age 65+ Medicare beneficiaries spent an average of $3,455, or 22 percent of their income, on health care.
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