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

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If we have some kind of health shock during our working years, maybe we are lucky and we have good health insurance from our job. Or maybe we can go out and get a second job or try to work longer hours to make up the cost. But seniors are past the age when they can do that, Lee said.

The lesson, she said, is that even average Americans need to give serious thought to the health care system, and plan for their retirement with healthcare costs in mind. People with chronic diseases in their family history can talk to their doctor to learn about the likelihood of developing these diseases themselves. And then they can try to make better estimates of what their healthcare costs will be after they retire. They can also try to live healthier lives with the goal of staving off these diseases.

As part of her continuing research, Lee is traveling around the world to examine how different healthcare systems impact peoples wealth. She is focusing on how universal healthcare systems, such as those in France and Canada -- and now, even in developing countries like Korea -- are easing the burden of citizens healthcare costs.


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

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