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Mar52021 by adminNo Comments

Hospital costs for substance use patients exceed $13B annually, study finds

Health

March 5 (UPI) -- The diagnosis and treatment of substance use disorder, as well as the management of related health complications, including overdoses, results in more than $ 13 billion in medical costs annually, an analysis published Friday by JAMA Network Open found. More than half of these costs -- $ 7.6 billion -- were tied to caring for patients with alcohol-related disorders, the data showed. Advertisement Just over $ 2.2 billion was spent on treating patients with health issues related to opioid use, the researchers said. Examples of opioids include "street" drugs such as heroin, as well as prescription pain medications used illegally or inappropriately, according to the National Institute on Drug Abuse. "U.S. hospitals are seeing a big increase in patients seeking acute treatment...

Nov262020 by adminNo Comments

You only have a few weeks to spend down this health-care fund. Meanwhile, savers forfeit around $400 million annually in unspent FSAs

Finance

AJ Watt | Getty ImagesAre you stocking up on cold and flu meds for the winter? Buying an at-home Covid-19 test kit? If so, you are running out of time to use this tax-advantaged account for those purchases.Health-care flexible spending accounts, which may be available at your job, allow you to stash pre-tax dollars and tap them free of tax for qualified medical expenses.In 2020 and 2021, you can save up to $ 2,750.Though you can use the money as early as Jan. 1, you generally have until the end of the year to use up your funds — or else you forfeit them.The IRS gives employers the choice of allowing workers to roll over some money into the following year — up to $ 550 for 2020 — or offering them up to 2½ months after the plan year ends to spend remaining cash.Bear in mind: Your employer ...

Aug122020 by adminNo Comments

Lung cancer deaths in U.S. fall by up to 6% annually, analysis finds

Health

Aug. 12 (UPI) -- Deaths from non-small cell lung cancer in the United States declined by about 3% a year on average between 2006 and 2016, according to an analysis published Wednesday by the New England Journal of Medicine. The number of Americans who died from the most common form of lung cancer dropped by 3.2% per year from 2006 through 2013 and by 6.3% per year from 2013 through 2016, researchers from the National Cancer Institute said. Advertisement Between 2001 and 2008, rates of non-small cell lung cancer diagnoses across the country fell by an average of 1.9% annually. Between 2008 and 2016, diagnoses nationally fell by an average of 3.1% per year, the analysis found. This marks the first time deaths caused by the disease have declined faster than its incidence, researchers said. ...

Oct22019 by adminNo Comments

Those weekly splurges cost $7,400 extra annually. Here are the biggest budget busters

Finance

Sticking to a household budget is apparently difficult. As in, really difficult.While 74% of people say they have some sort of budget, 79% don't stick to it, according to new research from SlickDeals.net, a crowd-sourced shopping platform. The average weekly amount consumers spend — not counting bills such as mortgage or rent, utilities, etc. — is $ 340, or $ 143 more than the average $ 197 budgeted. That equals overspending by about $ 7,400 each year."The struggle with overspending exists regardless of how much people earn," said certified financial planner Josh Nelson, founder and CEO of Keystone Financial Services in Loveland, Colorado. "I've heard 'I don't know where all the money goes' from people who make a gazillion dollars and from poor college students and everyone in between."Geb...

Oct202018 by adminNo Comments

This retirement expense has hit $100,000 annually — and it's rising

Finance

This retirement living expense has nowhere to go but up. The annual cost of a private room in a nursing home has cracked the six-figure mark, according to Genworth Financial. The national annual median cost of a private room in a nursing home is $ 100,375, the insurer found in its 2018 Cost of Care study. Overall, the rising cost of care has outpaced inflation. The Consumer Price Index for all urban consumers was 2.1 percent for the first half of 2018. The annual median cost of a room at an assisted living facility grew by 6.67 percent between 2017 an...