A new CBO working paper has good news about Medicare: end-of-life health care spending declines as seniors grow older. Lest this appear intuitively obvious, let me remind you of another finding from the same study: Medicare spending per beneficiary rises dramatically with age. Average Medicare spending in 2012 was less than $3,000 per 65-year-old, steadily rising to a peak of nearly $14,000 for 97-year-olds. After that, it actually declines.
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