Final answer:
True, health care costs for older individuals in the U.S. are significantly higher than for those under 65, due to increased medical needs and health issues associated with aging.
Step-by-step explanation:
The statement that the cost of providing health care for an older person in the U.S. is about three to five times higher than it is for someone under 65 is true. Health care expenses rise significantly as individuals age due to an increased need for medical services and the prevalence of chronic conditions. A couple at age 65 may need an estimated $283,000 to cover their health care costs in retirement, according to EBRI. Additionally, programs like Medicare and Social Security are significant parts of federal spending, with Medicare providing health insurance to those 65 and older, and the costs are expected to rise as the population ages.