Medical care spending escalates as an individual reaches old age. Which of the following statements is true regarding medical care spending and the elderly?
a. Medical care spending typically increases for elderly individuals due to a higher prevalence of chronic health conditions.
b. The cost of medical care for the elderly is often offset by Medicare and other healthcare programs specifically designed for seniors.
c. Older individuals are more likely to require long-term care services, which can contribute to higher medical care spending.
d. Medical care spending for the elderly may also include items such as medical equipment, home modifications, and other adaptations to support their health and independence.