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Family's financial crisis leads to devastating health choices

September 19, 2024 | Aging (Special), Special, Select and Other Committees - House & Senate, Congressional Hearings Compilation


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Family's financial crisis leads to devastating health choices
In a recent government meeting, a poignant discussion emerged regarding the profound impact of financial strain on health and well-being, as shared by a participant reflecting on personal experiences. The individual recounted the loss of their father and the subsequent financial challenges that ensued, highlighting how these difficulties influenced critical health decisions.

The participant revealed that following their father's passing, the family faced significant financial constraints, leading to tough choices about necessary medications. Specifically, the father opted not to take Repatha, a medication essential for managing cholesterol, due to its high out-of-pocket cost. Additionally, he reduced his insulin intake, which was crucial for his diabetes management, until the family's financial situation improved.

This financial burden not only affected the father's physical health but also took a toll on his mental well-being. The participant noted that the shame associated with their financial struggles led to a withdrawal from social interactions, contributing to feelings of depression for both the father and the participant.

The discussion underscored the broader implications of financial insecurity on health outcomes, emphasizing the need for policies that address the intersection of economic stability and healthcare access. The participant's testimony serves as a stark reminder of the real-life consequences that financial hardships can impose on individuals and families, particularly in times of loss.

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