Seniors Face 'Soaring Costs' For Health Care, Other Needs, Chicago Tribune Reports

Main Category: Seniors / Aging
Also Included In: Health Insurance / Medical Insurance
Article Date: 21 May 2008 - 11:00 PDT

email to a friend   printer friendly   view / write opinions   rate article

The Chicago Tribune on Sunday examined how, "with soaring costs of prescription drugs, housing, gasoline and groceries, it is easy for seniors on fixed incomes to go over budget." According to experts, many seniors depend on Social Security payments, pensions and personal savings and "cannot keep up with inflation," and, to "keep up with the rising costs of prescription drugs and medical payments not covered by Medicare, retirees have accumulated more debt than ever," the Tribune reports.

In response, groups such as AARP and the Legal Aid Society have offered programs to help seniors with financial problems. David Irwin, a spokesperson for AARP, said, "Everyone is getting hit hard, but seniors with a tight income get hit even harder," adding, "When you look at someone who has retired ... and what companies are doing with retiree health care plans, more and more health care costs are coming out of the pocket of the individual, and pension plans are slipping away as well."

Jerome Lamet, supervising attorney for Debt Counsel for Seniors & the Disabled, said that seniors often are "bombarded with preapproved credit card solicitations because (companies) think if seniors take their card, they are going to pay," although "these are people living on Social Security." He added, "For many of them, it was either use the credit card to buy prescription drugs or die" (Glanton, Chicago Tribune, 5/18).

Reprinted with kind permission from http://www.kaisernetwork.org. You can view the entire Kaiser Daily Health Policy Report, search the archives, or sign up for email delivery at http://www.kaisernetwork.org/dailyreports/healthpolicy. The Kaiser Daily Health Policy Report is published for kaisernetwork.org, a free service of The Henry J. Kaiser Family Foundation.

© 2008 Advisory Board Company and Kaiser Family Foundation. All rights reserved.