> You can quite literally save millions for retirement as an individual, and have coverage for drugs and treatment under Medicare, and still run out of money due to having to pay extortionate prices for covered drugs.

This is a totally ridiculous statement. Medicare-assisted drug costs are absolutely NOT going to bankrupt someone who has very wisely saved "millions" for retirement.

I have watched both my parents now pass, and I actually helped them both work out which Medicare plan to select based on their specific medications by creating a spreadsheet and carefully going thru the documentation of each plan and doing the math.

2 million dollars can rather safely throw off 3% after-taxes, so thats 60k/year not counting the odd 1800 that the federal government pays everyone with Medicare "benefits", that that is 6800/month someone who has saved "millions" has for income, and that's not even touching the principle nest egg.

There is no possible way someone's monthly drug costs are going to be anywhere even CLOSE to that number..I think each of my parents spent around 1200/month for what seemed to me to be way more "medication" then they could possibly need.

Unless you somehow come up with numbers that are way, way different than mine, your assertation that drug costs could bankrupt someone with "millions" saved is rather laughable.