Calif. Asm. David Hadley Says Seniors Hit Hardest by Rising Health Care Costs

The cost of health care will continue to be a major issue in the current California legislative session according to State Assemblymember David Hadley (R-South Bay). According to Hadley, seniors were the first to feel the brunt of rising costs.

“California is among the highest-cost states in the country – high housing costs, high sales taxes, gas taxes, taxes on insurance premiums, cap-and-trade taxes. Part of what we need to do to make California more cost-effective for seniors are policies that will benefit all Californians” – Asm. David Hadley, Assembly District 66

Hadley argues that part of the solution is to find new opportunities where seniors can cut costs. One possibility is to broaden their ability to complete 1031 tax-free real estate exchanges. This enables someone to move into new housing and still benefit from Proposition 13, which helps keep property taxes low for long-time homeowners.

According to the California Healthcare Foundation, California health insurance premiums have increased by 9.8 percent since 2011 — a reality that is catching many seniors on a fixed income by surprise.

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