One-half of older Americans 50+ are feeling financially strained -- and what #Project2025 could mean for Medicare and Social Security. In today's Health Populi blog, I explore the July/August 2024 study among people 50+ from University of Michigan's National Poll on Healthy Aging. The monthly study this round focuses on Americans who are 50 and over and their financial health. One-half of older people in the U.S. have cut their household costs in some way in the past year. Those at most-risk for financial cutbacks in the past year were older women and people of color, as well as people with multiple chronic conditions and those dealing with #mentalhealth issues. In the Hot Points of the blog, I weave in my reading of the "General Welfare" chapter of Project 2025, the 922-page report from The Heritage Foundation and other organizations which provide a blueprint for a "Presidential Transition" following the 2024 U.S. Presidential election. The document speaks to positions on public health, women's health, LGBTQ+ health, and of course spending on Medicare, Medicaid, and Social Security. Specifically, Project 2025 would look to raise retirement age to 70, and to enroll all new Medicare enrollees into #MedicareAdvantage plans....among other policy prescriptions. Thanks to AARP and Indira Venkat for supporting the U-M study, along with U-M's Institute for Healthcare Policy and Innovation and Michigan Medicine with Helen Levy Jeff Kullgren Kara Gavin et al -- grateful to my alma mater (Go Blue!) CC to the Medicare & aging community colleagues Laurie Orlov Mary Furlong Stephen Johnston Jon Warner Ellen Donahue-Dalton Kim Bellard #HealthPolicy #Healthcosts #Healtheconomics #Healthpolitics #Aging #FinancialHealth #FinancialWellness #Boomers #HealthyAging #Seniors #Medicare #Medicaid #SocialSecurity #SafetyNet #PublicHealth #2024Elections
Jon Warner
3w
Great post Jane. We need so much new thinking about how we better age.
Jane Sarasohn-Kahn, the proposed policies and shredding of health and social security systems central to #Project2025 among many other things require every person's attention on the way to the ballot box. Thanks, as ever, for making more accessible.
Very insightful analysis of the potential impacts, Jane Sarasohn-Kahn, especially for older Americans. Thank you for this!
Kim Bellard
3w
Great, as always!
Well said.
Some in the UK are so financially stretched that they can’t afford to pay for their regularly prescribed medicines. It’s an awful situation