Canada Pharmacy Online Reports Rising End of Life Medicare Bills

Canadian and international dispensing pharmacies saw a great financial constraint on unhealthy retiring seniors. Out of pocket payments are pretty high and their savings and assets including cars and houses are not even enough to pay excess health care, Canadian prescription drugs and hospital bills. 

Studies and researches show that the average out of pocket health care expenses spent by households of Medicare recipients in the last five years of the recipient’s life were around $39,000; and, 10 percent of the recipients shelled out more than $89,000; while 5 percent of the recipients expended more than $139,000.

Further, greater than 75 percent of households spent a minimum of $10,000, while 11 percent of single individuals and 9 percent of married households expended approximately more than $100,000. 

The out of pocket amount disbursed varied depending on the patient's illness. Those patients with Alzheimer's disease or dementia had the greatest out-of-pocket expenses for health care, which approximately averages at $66,000 – more than twice that of those patients with cancer or gastrointestinal disease, who paid around $31,000. 

With such gigantic figures, it is a manifestation that at end of life, family members are left with piling debts and bills to pay. Worse is that their savings and assets are not enough to settle those payables. This long term health care expenses usually starts to pile on the last 5 years of a senior’s life. Canada drugs and treatment maintenance skyrockets during this last 5 years of a senior’s life. 

Canada pharmacy online works hand in hand with patients and families. Families who are fighting to make evaluations while experiencing financial struggles in assessing costs during the final years of life. It is evident everyday that many households with sickly seniors are in need of financial help and assistance. Seniors nearing the retirement stage may not know of what Medicare does not cover. 

In connection, these retiring seniors (especially those with high medical and clinical maintenance) together with their families need to undergo seminars on the actual Medicare coverage to set expectations and to prepare them for possible financial demands. Information dissemination will better equip them of the future physically, emotionally and financially. 

Medicare is the unofficial name for Canada's publicly funded universal health insurance system. The formal terminology for the insurance system is provided by the Canada Health Act and the health insurance legislation of the individual provinces and territories. 

Under the terms of the Canada Health Act, all "insured persons" (basically, legal residents of Canada, including permanent residents) are entitled to receive "insured services" without copayment. Such services are defined as medically necessary services if provided in hospital, or by 'practitioners' (usually physicians). Approximately 70% of Canadian health expenditures come from public sources, with the rest paid privately (both through private insurance, and through out-of-pocket payments). The extent of public financing varies considerably across services. For example, approximately 99% of physician services, and 90% of hospital care, are paid by publicly funded sources, whereas almost all dental care is paid for privately. Most doctors are self-employed private entities.