05 Aug '09 21:06>2 edits
Originally posted by sh76US social programs don't pay for everything. Many many older people have to work to pay for their bills including medication, assisted housing, home care, food etc.
What makes it surprising is specifically that you're referring to older people.
Older people are eligible for Medicare and Social Security and, if they're retired, to Medicaid as well.
Look, you can google it if you don't want to take my word for it. Here's some info as a start: It also appears my 25% of all personal bankruptcies in the US being caused by medical debts is out of date. As of 2007 (pre-recession) it is up to a whopping 60%!!! I can only imagine how high it is now with this current recession.
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http://www.reuters.com/article/healthNews/idUSTRE5530Y020090604?pageNumber=2&virtualBrandChannel=0
http://halfinten.org/elderly-poverty
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An interesting quote from one of the articles:
"Using a conservative definition, 62.1 percent of all bankruptcies in 2007 were medical; 92 percent of these medical debtors had medical debts over $5,000, or 10 percent of pretax family income," the researchers wrote.
"Most medical debtors were well-educated, owned homes and had middle-class occupations."
The researchers, funded by the Robert Wood Johnson Foundation, said the share of bankruptcies that could be blamed on medical problems rose by 50 percent from 2001 to 2007.
Patients with multiple sclerosis paid a mean of $34,167 out of pocket in 2007, diabetics paid $26,971, and those with injuries paid $25,096, the researchers found.