Nearly 1 in 5 older Americans believed to be in poverty _ almost double the official rate, By Hope Yen (AP), September 4, 2009, Grand Forks Herald: “The poverty rate among older Americans could be nearly twice as high as the traditional 10 percent level, according to a revision of a half-century-old formula for calculating medical costs and geographic variations in the cost of living. The National Academy of Science’s formula, which is gaining credibility with public officials including some in the Obama administration, would put the poverty rate for Americans 65 and over at 18.6 percent, or 6.8 million people, compared with 9.7 percent, or 3.6 million people, under the existing measure. The original government formula, created in 1955, doesn’t take account of rising costs of medical care and other factors…”
Day: September 4, 2009
Unemployment Rates and Exhaustion of Jobless Benefits
- In unemployment report, signs of a jobless recovery, By Peter S. Goodman and Jack Healy, September 4, 2009, New York Times: “The American economy lost another 216,000 jobs in August and the unemployment rate jumped to 9.7 percent, amplifying worries that millions of households are likely to endure financial anxiety and lean times for months to come. As a technical matter, most economists believe that the United States has escaped the grip of recession, the longest since the Great Depression. The Labor Department’s latest employment report, released Friday, added weight to the view that economic expansion has resumed, marking a continued albeit modest improvement to the rate of lost jobs. Yet the report also lent credence to a growing consensus that the recovery is likely to be weak and fragile, prompting most companies to hold back from hiring aggressively…”
- Jobless picture soon to worsen, By Tamara Lush (AP), September 4, 2009, Modesto Bee: “More than 1.3 million Americans’ unemployment insurance benefits will run out by the end of the year, placing extra strain on an economy that is just starting to recover from the worst downturn in a generation. Of the nation’s 14.5 million jobless, those whose benefits are drying up – in some cases after a record 18 months of government support – are the most unfortunate. In California, the state Economic Development Department said as many as 170,000 of the unemployed it serves are at risk of losing their benefits…”
Health Care Reform and Safety Net Hospitals
Will safety net hospitals survive health reform?, By Carla K. Johnson (AP), September 3, 2009, San Jose Mercury News: “Janie Johnson has no health insurance, so when she cut her toe while giving herself a pedicure, she limped to the emergency room at one of Chicago’s safety net hospitals and waited her turn. ‘I’m 44, but I probably look about 55 right now,’ Johnson joked in Stroger Hospital’s emergency department where more than 100 patients sat waiting. Urgent cases, from chest pains to gunshot wounds, are rushed to doctors first. Johnson was glad to have somewhere to go for health care. ‘I don’t know what I would do’ without the hospital, she said. ‘My health would probably get worse.’ To all the knotty issues involved in health care overhaul, add one more: The proposals in Congress may threaten the funding and future of the nation’s already-struggling safety net hospitals…”