Navigation Links
Study: Health 'shocks' diminish wealth more later in life
Date:4/9/2008

mpared to those who suffer from health problems.

This new study compared the long term financial repercussions of pre-existing chronic health problems with those caused by the sudden onset of a new health problem late in life. Lee and Kim focused on five common and serious health conditions: diabetes, cancer, lung disease, heart condition, and stroke.

They examined how the wealth of more than 5,500 AHEAD participants changed between 1995 and 2002. All were aged 70 or older at the start of the study.

When participants developed a new and serious health condition, the researchers categorized those incidents as a health shock.

The later in life that health shocks occurred, the more they diminished a persons wealth, the researchers found. In 1998, participants who had recently experienced a health shock lost an average of 5.5 percent of their overall wealth as a result. But when they were two years older, the average loss for a health shock was 8.7 percent of wealth.

When they were four years older (in 2002), it was 9.5 percent -- 40 percent more than when the participants were first studied in 1998.

If you have a chronic health condition, it diminishes your wealth throughout your life. And if you get a health shock, it diminishes your wealth even more, Lee said. Though over time the costs associated with that shock may decrease, that illness will still deflate your wealth continuously thereafter.

To Lee, this research demonstrates how costly healthcare is to Americans, even if they have Medicare coverage.

Medicare typically pays a little over half of someones medical bills, and seniors -- most of whom are living on a fixed income -- are forced to make up the difference by dipping into their savings. Add to that the fact that Americans are living longer, and the cost of healthcare keeps increasing.

Even if seniors can recover physically from a health shock, they cant recover financially.<
'/>"/>

Contact: Jinkook Lee
Lee.42@osu.edu
614-247-7892
Ohio State University
Source:Eurekalert

Page: 1 2 3

Related medicine news :

1. Study: Treating post-traumatic stress first helps children overcome grief
2. Geisinger study: Use of digital health records improve health of the elderly
3. Study: Pregnant Women Who Eat More Fish, Including Canned Tuna, Have Smarter Children
4. Study: Dramatic rise in hepatitis C-related deaths in the United States
5. New Study: Pycnogenol(R) Improves Memory in Elderly
6. New Study: Aging Baby Boomers Could Overwhelm U.S. Health Care System by 2017, Unless Decisive Action Is Taken
7. WHI follow-up study: Risks of long-term hormone therapy continue to outweigh benefits
8. Mouse study: Real-time imaging device may improve surgery for congenital colon disease
9. Study: highly involved patients dont always see better health outcomes
10. UC study: New devices less effective in thwarting brain aneurysm recurrence
11. Study: low-income women more likely to suffer from postpartum depression
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:12/25/2014)... “Every three months the trends for evening dresses ... be one of the hottest styles in the next few ... company releases 26 A-line sweetheart evening dresses, and announces the ... “We are trying our best to help a lady to ... with affordable prices, we provide discounted delivery costs to our ...
(Date:12/25/2014)... Recently, BellasDress has launched its ... dresses. BellasDress has chosen their best-selling lace wedding dresses, ... the holiday season. , Now, BellasDress.com features popular ... here at discount prices. The business hopes everyone can ... , “All our elegant products are made ...
(Date:12/25/2014)... (PRWEB) December 25, 2014 Recently, LunaDress.co.uk has updated ... dresses and related accessories. Now, all of the models at LunaDress.co.uk ... moment a groom lifts the wedding veil can turn out to ... stunning charm. A wedding veil can always bring surprise to a ... suggestions on how to choose veils for a big day ...
(Date:12/25/2014)... 24, 2014 (HealthDay News) -- Among early stage breast ... than half of one percent will eventually develop leukemia ... reveals. The finding comes from a review of ... and 2007, and it suggests that the risk for ... experts had previously thought. "The frequency of bone ...
(Date:12/25/2014)... (PRWEB) December 25, 2014 “ SmileStix ” ... which features the latest and coolest mobile applications on the ... expert and host of NewsWatch, conducted the app review and ... to create personal stickers. , The old saying goes, “A ... lot of words that can describe a single image, because ...
Breaking Medicine News(10 mins):Health News:BellasDress.com’s Christmas Sale: Trendy Wedding Dresses With Big Discounts 2Health News:LunaDress Provides Professional Tips On Shopping Wedding And Prom Dresses 2Health News:Breast Cancer Chemo Tied to Small But Significant Leukemia Risk 2Health News:Breast Cancer Chemo Tied to Small But Significant Leukemia Risk 3Health News:An Application to Create Custom Stickers was Featured on NewsWatch Television on December 19, 2014 2
... measure their peak heart rates for exercise will need to do ... A new formula based on a large study from ... rate a healthy woman should attain during exercise. It also will ... test. "Now we know for the first time ...
... new study of nearly 8,800 women with early-stage breast ... percent completed their full regimen of hormone therapy ... women were particularly likely to discontinue treatment. The findings ... behind such treatment non-compliance and also develop interventions to ...
... It,s time to ... are teaming up to reach Physical Education students by utilizing the dynamic media + digital ... weights. , ... and Austin, TX (PRWEB) June 29, 2010 -- Hyper Wear, LLC, a fitness, health and ...
... ... solutions for healthcare organizations, adds a New Vice President to head Client Services, Sandra ... (PRWEB) ... to Vice President of Client Services and Strategy. Fancher will work closely with our ...
... ... set to give insights on how to achieve female six pack abs in no ... Abs by Mike Geary may just be the book to read. If you are ... many instruction manuals, books and DVDs flooding the fitness market which do not offer ...
... ... Meer looks back to a six year success story as a national ... Germany. Furthermore since 2004 more and more requests have been received from ... get more and more shipped to the UK, USA and even Australia.,Strandkorb ...
Cached Medicine News:Health News:New formula gives first accurate peak heart rate for women 2Health News:Fewer than half of breast cancer patients adhere to hormonal therapy regimen, study finds 2Health News:Fewer than half of breast cancer patients adhere to hormonal therapy regimen, study finds 3Health News:HOPSports, Inc. Adds SandBell to Award-Winning Training System 2Health News:HOPSports, Inc. Adds SandBell to Award-Winning Training System 3Health News:MedTouch Makes Senior Staff Appointment 2Health News:Book Reveals the Truth about Six Pack Abs 2Health News:Strandkorb & Meer Going to Exceed 20% of Total Sales Volume with International Business in 2010 2Health News:Strandkorb & Meer Going to Exceed 20% of Total Sales Volume with International Business in 2010 3
(Date:12/24/2014)... 23, 2014  The American Diabetes Association is ... for people with diabetes and that all people ... of statins, in keeping with recent changes to ... American College of Cardiology (ACC) and American Heart ... most recent changes to the Association,s annual revised ...
(Date:12/24/2014)... , Dec. 23, 2014  Medical Science Liaisons ... the key link between the medical device industry and ... more in the coming years as the device industry ... According to research by benchmarking firm, Best Practices, ... gain an important edge is by harnessing new technology ...
(Date:12/22/2014)... 22, 2014 Research and Markets ( ... "US Self-monitoring Blood Glucose Market" report to their ... This market insight focuses on the developments in ... United States . Reimbursement analysis and the effects ... for more than 73 SMBG meters have been performed, ...
Breaking Medicine Technology:New Standards of Care Provide Guidelines for Statin Use for People with Diabetes to Prevent Heart Disease 2New Standards of Care Provide Guidelines for Statin Use for People with Diabetes to Prevent Heart Disease 3New Standards of Care Provide Guidelines for Statin Use for People with Diabetes to Prevent Heart Disease 4Role of Medical Science Liaisons Evolving in Medical Device Sector 2US Self-monitoring Blood Glucose Market 2
... Calif., Oct. 21 IRIDEX Corporation (Nasdaq: ... Modular Multi-Wavelength laser photocoagulator solution, which will be ... Ophthalmology meeting in San Francisco. , ... compete in the multi-wavelength photocoagulator market segment with ...
... PARK, Ill., Oct. 20 Abbott (NYSE: ABT ... of privately held eye care company Visiogen, expanding the ... lens (IOL) technology to address presbyopia for cataract patients. ... significant advancement in artificial lens technology. It is ...
Cached Medicine Technology:IRIDEX Introduces Modular Multi-Wavelength Laser Solution at the American Academy of Ophthalmology 2Abbott Completes Visiogen Acquisition 2
... ARUP Laboratories is a national reference laboratory ... research and development. ARUP offers an extensive ... medical tests in clinical and anatomic pathology. ... Laboratories' clients include more than half of ...
... Laboratories is a national reference laboratory and ... and development. ARUP offers an extensive test ... tests in clinical and anatomic pathology. Owned ... clients include more than half of the ...
... is a national reference laboratory and a ... development. ARUP offers an extensive test menu ... in clinical and anatomic pathology. Owned by ... include more than half of the nation's ...
... ARUP Laboratories is a national reference laboratory ... research and development. ARUP offers an extensive ... medical tests in clinical and anatomic pathology. ... Laboratories' clients include more than half of ...
Medicine Products: