Answer:
False.
Explanation:
It is false that if the elderly consume a market basket that includes more healthcare than other people do as healthcare cost rise with the increase in inflation. In order to find this you need to put together market basket for the elderly, that would have a higher weight on healthcare, this will help you to compare the cost of elderly basket and general basket for CPI. We know, Social Security benefits are increased each year in proportion to the increase in the CPI and CPI overstates inflation, also Social Security payments are linked with CPI.
