J. Michael Collins Yahoo Finance interview on healthcare costs and impact on retirement savings

“Planning for and managing out of pocket medical costs is an emerging form of financial literacy that all of us need to be aware of, including older people for whom health care expenses are a rising part of their retirement spending,” said J. Michael Collins, Faculty Director of CFS and Professor in La Follette School of Public Affairs and the School of Human Ecology, in a recent live interview with Yahoo Finance. Collins spoke about the impact of people choosing to use less healthcare as out-of-pocket costs rise, a decision that could lead to greater health and financial outcomes in the long run.