The Census Bureau on Monday released a new, comprehensive poverty measure that painted a negative picture of the economic landscape for millions of Americans. The report found that 49.1 million Americans — 16 percent of the population — lived in poverty in 2010, which is higher than the 46.2 million Americans found to live in poverty by the official measure that was released in September. The increased level of poverty was fueled by the sharply higher levels of poverty among senior citizens.
The reason for this higher level of poverty in the senior group? This new measurement by the Census Bureau for the first time includes out-of-pocket costs for medical expenses in hits calculations. By including the ever-increasing cost of medical care and high prescription drug costs, the rare of seniors in poverty increased by 6.9% over the previous numbers which did not include medical costs. This increase in poverty among seniors was the highest of any of the groups surveyed.
The Fiscal Times in an article entitled ‘The New Poor: Elderly Hit Hard on Health Costs” outlines how changing the measurement for the poverty level to include costs for medical care and child care resulted in what some call a more accurate representation of the financial picture for America’s seniors. The worry is that poverty amongst seniors will only grow in the future, as the safety of the Social Security Program is eroded by increasing medical and prescription drug costs. Also worth considering is the fact that rising Medicare premiums will reduce the buying power of Social Security every year. Basically, the study confirms what we hear many of our patients at Canada Drugs tell us when they call to order discount prescription drugs, mainly that the rising costs of drugs and medical treatment is making it hard for them to live on their fixed budgets.
It’s the growing reality of poverty amongst a vulnerable group, with important prescription needs that make having an affordable alternative like Canada Drugs so important. We believe that the option to order cheaper international drugs is an important one that seniors and other Americans struggling to stay afloat should have the right to. This poverty study confirming the growing rate of seniors being pushed into poverty by medical costs will hopefully resonate in Congress and with the President when they decide if Americans should have the option of ordering from companies like Canada Drugs.
We invite you to read more and get involved at http://www.rxrights.org, You have a voice and you can let your elected officials know that access to safe and affordable pharmaceuticals should be a natural right for all Americans.






