Navigation Links
Economic Stress Taking Toll on Peoples' Health

AARP Survey Finds Financial Stress Causing Health Problems for Nearly 20% of 45 plus Population

CHICAGO, Dec. 30 /PRNewswire-USNewswire/ -- The latest victim of the economic recession could be your health. According to a recent AARP survey, one in five adults ages 45 and older are suffering health problems due to financial stress. The survey details the health care problems and challenges many Americans are facing because of the current economic situation.

"Right now people are increasingly concerned about their jobs, retirement savings and simply being able to provide for their families and it's taking a major toll on their health," said Bob Gallo, AARP Illinois Senior State Director. "It's a harsh irony that worrying about being able to afford health care is actually causing health problems."

Key findings from the AARP survey, Impact of Economy on Health Behaviors, include:

  • 20% of people 45 and older reported health problems due to financial stress
  • About one fifth, 22%, have delayed seeing a doctor due to cost
  • 16% had to use retirement savings or other savings to pay for medical care
  • 21% have cut back on other expenses in order to afford their medical care
  • One in six, 16%, are not confident they will be able to afford health care in the coming year

The survey also found that health problems due to financial stress is having a greater affect on individuals 45-54 and 55-64, than on those ages 65 and older (22% and 25% vs. 13%, respectively).

Mounting health care costs are contributing to the financial woes felt by many. Over the last five years health insurance premiums for families have increased by 65 percent. The average cost of health insurance for an American family now exceeds the yearly income of a minimum wage worker. According to the Kaiser Family Foundation, insurance premiums have increased 119 percent from 1999 to 2008, while workers' earnings have risen just 29 percent.

"Clearly rising health care costs during difficult financial times is a major cause for concern for many people," added Gallo. "In Illinois, AARP will work side by side with state lawmakers to address the growing health care crisis."

In Illinois, AARP is advocating for health care quality measures to establish needed reforms in the insurance industry, helping to ensure people are not denied coverage because of pre-existing health conditions, their age or other factors. AARP will also press for the expansion of health insurance through Medicaid to cover people between the ages of 50-64. At the national level, AARP is working on several measures to ensure health care is affordable and accessible.

The full survey can be found at the following link:

Copyright©2008 PR Newswire.
All rights reserved

Related medicine news :

1. Neusoft Becomes First Global Growth Company Partner of World Economic Forum
2. McKesson Corporation CEO to Address the Detroit Economic Club on Preserving Our Healthcare System and Improving Quality of Life
3. Research!America Honors Univ. of Chicago Economists for Study Showing Economic Impact of HIV/AIDS Drug Development
4. AHRQ Expands Therapeutics Education and Research Centers and Adds New Topics: Health IT, Economics, Formularies
5. MedImmune presents new pharmaco-economic data at AAP regarding infants at high risk for RSV
6. Economic motivation may affect how often some physicians order imaging studies
7. BioElectronics Corporation Receives 2007 Economic Development Innovator of the Year Award
8. Through-Wave Ultrasound: Effective, Economical and Ideal for Breast Imaging, Biopsy
9. MedPAC Again Fails to Evaluate Overall Economic Conditions in Assessing SNF Funding Requirements
10. Skatepark injuries can incur economic pain
11. AARP Calls New EEOC Policy A Civil Rights and Economic Fiasco
Post Your Comments:
(Date:11/30/2015)... , ... November 30, 2015 , ... ... – Kreithen”), one of the leading plastic surgery practices in Florida, is proud ... chosen to consult for surgical innovations giant Ethicon Inc., a Johnson & Johnson ...
(Date:11/30/2015)... ... November 30, 2015 , ... The successful filing of an Investigational New ... is so important to this key industry segment, Regis Technologies has decided to sponsor ... December 4th at 11am EST. , Federal law does not allow new drugs to ...
(Date:11/30/2015)... ... November 30, 2015 , ... Healthjump, Inc. announced ... a Healthcare IT consulting, development and support company. The purchase will expand the ... within DataTrade to extend the services currently provided by Healthjump. , ...
(Date:11/30/2015)... ... , ... GKhair & Tibolli team members and artists were excited and proud ... 8th and 9th at the Puerto Rico Convention Center, San Juan Puerto Rico. The ... of the line fashion journalists. The San Juan Beauty Show carries immense credibility among ...
(Date:11/30/2015)... Georgia (PRWEB) , ... November 30, 2015 , ... ... for healthcare professionals worldwide today released the results of a survey of educational ... East and Africa found a growing global demand for high quality online and ...
Breaking Medicine News(10 mins):
(Date:11/30/2015)... LONDON and BOSTON , ... to research and develop potential new medicines directed at ... multiple therapeutic areas. --> PFE ) to ... to 10 G protein-coupled receptor (GPCR) targets across multiple ... clinical-stage GPCR structure-guided drug discovery and development company and ...
(Date:11/30/2015)... Israel , Nov. 30, 2015  OticPharma, ... acquiring and developing innovative therapies for ear, nose, and ... Keith A. Katkin as chairman of the company,s ... chief executive officer for OticPharma, Ltd.  "Keith brings a ... he will be able to share this experience and ...
(Date:11/30/2015)... SHELTON, Connecticut , November 30, 2015 ... Kentucky Breast Care has entered into a ... women,s healthcare practice. This will allow Kentucky Breast Care ... and offer exceptional care for their patients. ... Kentucky Breast Care has entered into a ...
Breaking Medicine Technology: