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Long Covid’s financial devastation: $8,000 in credit card debt, ruined retirement plans

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Long Covid’s financial devastation: ,000 in credit card debt, ruined retirement plans

Teresa Harding

Source: Teresa Harding

It took three months for Teresa Harding to open her termination letter.

“I could not have a look at it,” Harding, 47, stated. For seven years, she’d labored at a ache administration middle in Lexington, Kentucky. “I loved my co-workers and our sufferers.

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“It was a enjoyable, thrilling job,” she added.

However after a critical bout with Covid in July 2021 that landed her within the hospital, Harding by no means acquired higher. Unable to work, she was laid off in January.

Extra from Your Well being, Your Cash

This is a have a look at extra tales on the complexities and implications of lengthy Covid:

“I simply sit at house, watching films that I’ve seen earlier than however do not keep in mind,” Harding stated. “I’ve misplaced my objective.”

She and her husband, Roy, additionally must pay round an additional $300 a month for therapies for her lingering signs of reminiscence loss, extreme fatigue and migraines.

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“We’re barely making ends meet,” Harding stated.

The negative effects aren’t simply bodily

On high of the toll taken on their well being, sufferers with lengthy Covid — a persistent sickness with signs that persist for months or years after an infection — describe a devastating influence on their funds.

Practically half of individuals with lengthy Covid reported elevated medical bills, in response to a latest survey performed by the Affected person Advocate Basis. The nonprofit polled 64 folks with the situation between 2020 and 2022. Greater than a 3rd of respondents stated their revenue had gone down on account of lengthy Covid.

“Lengthy Covid is a major instance of a situation that may create massive bills as a result of it has a number of signs, any of which may require distinct medicines or therapies,” stated Caitlin Donovan, a spokesperson for the Nationwide Affected person Advocate Basis, the PAF’s sister group centered on academic assets.

“It additionally straight threatens sufferers’ capability to work persistently,” Donovan added.

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Lengthy Covid threatens monetary stability

As many as 23 million Individuals are battling the persistent situation, and “this quantity will solely proceed to develop as Covid-19 continues to flow into,” in response to a latest report by the U.S. Division of Well being and Human Providers. The federal government company warned that the sickness could have an effect on folks’s monetary stability, “resulting in an elevated probability of eviction or homelessness.”

Though the Biden administration is researching lengthy Covid and gathering activity forces to deal with it, sufferers nonetheless describe difficulties navigating the prevailing security web and the absence of any particular new protections or help to which they will flip. Earlier within the public well being disaster, the federal government expanded unemployment advantages and despatched direct funds to households.

“Lengthy Covid is as a lot a part of the pandemic as is the acute section, throughout which the federal government went to nice lengths to deal with folks and save lives,” stated Oved Amitay, president of the Lengthy Covid Alliance, an advocacy group. “We should always have the identical urgency and intentional effort to deal with this.”

‘A reasonably dramatic impact’ on retirement planning

Sharon Sunders

Courtesy: Sharon Sunders

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Practically three years after Sharon Sunders acquired Covid, she’s nonetheless coughing.

Within the spring of 2020, when months had handed since she’d first contracted the virus, Sunders tried to return to her job as a challenge supervisor at a advertising company in Minneapolis.

Nearly instantly, she realized she wasn’t up for it.

“There is no approach I may preserve working,” stated Sunders, 59. “My reminiscence stinks.

“I am brief on breath once I speak or transfer round,” she added. “There’s extreme exhaustion, too.”

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Lengthy Covid is as a lot a part of the pandemic as is the acute section, throughout which the federal government went to nice lengths to deal with folks and save lives.

Oved Amitay

president of the Lengthy Covid Alliance

Thankfully, Sunders had incapacity insurance coverage via her job and has been in a position to reside off these funds. Nonetheless, they cowl nearly half of her prior earnings.

“It is sufficient to satisfy our primary wants, however not the rest,” she stated.

Sunders had deliberate to work for not less than 5 extra years to construct up her nest egg. These plans at the moment are foiled, and he or she and her husband, Joel, are contemplating starting to withdraw from their retirement financial savings years earlier than they’d hoped.

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“It is had a fairly dramatic impact on my retirement planning,” she stated. “It is scary.”

She’s additionally been hit with a slew of further prices associated to her situation.

“They’ve finished MRIs of my coronary heart and lungs; I have been to cardiologists and pulmonologists,” Sunders stated. “I’ve had extra assessments than I can keep in mind.”

One Harvard College researcher estimated that lengthy Covid may go away sufferers with an additional $9,000 a 12 months in medical bills.

Sufferers ‘could not have the assets’ to use for help

Over the past two years, Sunders has additionally been denied twice for Social Safety Incapacity Insurance coverage, the federal profit meant to complement the revenue of these bodily unable to work.

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The Biden administration introduced in July 2021 that lengthy Covid may very well be thought of a incapacity underneath the Individuals with Disabilities Act, however sufferers and consultants say it is extremely tough for these with the situation, which could be difficult to diagnose, to get accepted.

“Lots of people with lengthy Covid are being denied Social Safety incapacity insurance coverage,” stated Dr. Monica Verduzco-Gutierrez, professor and chair of the Division of Rehabilitation Drugs on the College of Texas Well being Science Middle at San Antonio. Verduzco-Gutierrez works primarily with Covid sufferers via the clinic she established in 2020. She additionally spends lots of her time on incapacity purposes.

Of the lengthy Covid sufferers she has seen, solely 2 out of fifty who’ve utilized for SSDI have been accepted to this point, she stated.

It is had a fairly dramatic impact on my retirement planning. It is scary.

Sharon Sunders

lengthy Covid affected person

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“They could not have the assets to undergo the method,” Verduzco-Gutierrez stated. “They’re having to rent attorneys. A few of them are simply giving up.”

Sunders is adamant that she qualifies for the profit, and refuses to surrender. She’s at present concerned in her third attraction of the federal government’s determination to reject her.

However the battle has worn her down much more.

“I normally have a few good hour a day,” she stated. “It is laborious for me to answer all these requests for medical data.”

To this point, the Social Safety Administration has flagged about 44,000 incapacity claims nationally that embody Covid as one of many medical circumstances, in response to company spokeswoman Nicole Tiggemann, making up simply 1% of all incapacity purposes the company has acquired.

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To be accepted, “an individual should have a medical situation or mixture of circumstances that forestalls the person from working and is predicted to final not less than one 12 months or end in dying,” Tiggemann stated.

‘There is a tidal wave of us coming’

Sunders needs the Biden administration would do extra to assist these financially battling lengthy Covid.

“Our authorities is abandoning us,” she stated. “However I am just the start; there is a tidal wave of us coming.”

Harding feels the identical.

“I learn in my assist teams each day how persons are shedding their jobs as a result of they’re not bodily in a position to carry out them, however you may’t reside on nothing,” Harding stated. “If the federal government would not acknowledge what is going on on, you are going to have tons of individuals with out houses, going hungry.”

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The White Home didn’t reply to requests for remark.

When her paychecks stopped coming in, Harding needed to money out her 401(okay) retirement financial savings. She had about $15,000 within the account.

Within the following months, she and her husband have additionally racked up greater than $8,000 in debt on their bank card.

“We put meals, fuel, medicine and hospital payments on it to verify we’re in a position to pay for our automotive and residential,” she stated.

Harding utilized for SSDI in August, however hasn’t heard again but. The wait is worrying. And an individual within the Social Safety workplace had been discouraging.

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“They stated that it is normally a two- to four-year battle to get it,” she stated.

— Jessica Dickler contributed reporting.

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Covid lockdown sceptic is frontrunner to lead Trump health agency

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Covid lockdown sceptic is frontrunner to lead Trump health agency

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Stanford University professor and Covid-19 lockdown sceptic Jay Bhattacharya has emerged as the frontrunner to run the National Institutes of Health, according to two people familiar with the matter.

The nomination of Bhattacharya, who rose to prominence during the pandemic for opposing lockdown restrictions, would put another ally of Robert Kennedy Jr, the vaccine sceptic who is Trump’s pick to run the US health department, in charge of one of the country’s most powerful public health agencies.

With an annual budget of $48bn, NIH is the biggest government-funded biomedical research agency in the world, providing more than 60,000 grants a year to support medical and scientific research.

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Senior officials within Trump’s transition team have spoken with Bhattacharya, who runs Stanford’s Center on the Demography and Economics of Health and Aging, in recent days, the people said.

The pick for NIH director is likely to be announced in the coming days but plans may change and another candidate may emerge, the people added.

Representatives for Trump’s transition team and Kennedy did not immediately respond to requests for comment. Bhattacharya could also not be reached for comment.

Late on Friday, Trump’s transition team announced a flurry of high profile nominations, including Treasury secretary, Labor secretary and three key health official picks.

Marty Makary, a Johns Hopkins surgeon who opposed the Covid-19 vaccine mandate, was nominated to run the Food and Drug Administration. Physician and former GOP congressman Dave Weldon, who has cast doubts on vaccine safety, was tapped to run the Centers for Disease Control and Prevention.

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Bhattacharya appeared alongside Kennedy at a campaign event during his independent campaign for President, during which he unveiled his running mate Nicole Shanahan.

Since backing Trump’s bid for presidency in August, Kennedy has been given significant influence over the president’s healthcare policy agenda as part of his “Make American Healthy Again” campaign. Trump’s choice of Fox News medical contributor Janette Nesheiwat was the only one of the health appointees so far not close to Kennedy, the people added.

Alongside two other professors, Bhattacharya became the face of the “Great Barrington Declaration” during the pandemic, an open letter published in October 2020 opposing widescale lockdowns and instead calling for restrictions focused on at-risk groups, such as elderly individuals. The letter provoked criticism from then-NIH director Francis Collins, who dismissed the authors as “fringe experts”.

Much of Bhattacharya’s public criticism of the NIH has focused on how Collins and Anthony Fauci — former director of the US National Institute of Allergy and Infectious Diseases, a division of NIH — responded to the pandemic.

Bhattacharya told the Financial Times this month that he supported term limits for NIH directors. “I think there’s too much concentration of power in the hands of too few people: there should not be another Tony Fauci,” he said.

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Kennedy’s nomination as Health and Human Services secretary has worried the pharmaceutical industry and public health bodies because of his sceptical views on vaccines, his stated aim to eliminate “entire departments” within the FDA and his plans to remove fluoride from drinking water. However, Kennedy has promised not to limit vaccine access.

In an article on digital media site UnHerd published last week, Bhattacharya brushed away concerns about some of Kennedy’s debunked claims, saying: “Kennedy is not a scientist, but his good-faith calls for better research and more debate are echoed by many Americans.”

He added that “the American public voted for disrupters like RFK Jr in 2024, and academic medicine now has an opportunity to atone for its Covid-era blunders.”

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Winter storms sweep across the U.S. while a new system is expected for Thanksgiving

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Winter storms sweep across the U.S. while a new system is expected for Thanksgiving

Firefighters walk through floodwaters while responding to a rescue call in unincorporated Sonoma County, Calif., on Friday, Nov. 22, 2024.

Noah Berger/AP


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Noah Berger/AP

HEALDSBURG, Calif. — A major storm dropped more snow and record rain in California, causing small landslides and flooding some streets, while on the opposite side of the country blizzard or winter storm warnings were in effect Saturday for areas spanning from the Northeast to central Appalachia.

Another storm system is expected to arrive for Thanksgiving week and linger into Tuesday in the Pacific Northwest, dumping rain as well as snow in the higher elevations, according to Torry Dooley, meteorologist with the National Weather Service.

The Midwest and Great Lakes regions will also see rain and snow Monday while the East Coast will be the most impacted by weather on Thanksgiving and Black Friday.

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A low pressure system will bring rain to the Southeast early Thursday before heading to the Northeast, where areas from Boston to New York could see rain and strong winds. Parts of northern New Hampshire, northern Maine and the Adirondacks could get snow. If the system tracks further inland, the forecast would call for less snow for the mountains and more rain.

Deadly ‘bomb cyclone’ roared ashore on West Coast

The storm on the West Coast arrived in the Pacific Northwest earlier this week, killing two people and knocking out power to hundreds of thousands, mostly in the Seattle area, before its strong winds moved through Northern California. The system roared ashore on the West Coast on Tuesday as a ” bomb cyclone,” which occurs when a cyclone intensifies rapidly. It unleashed fierce winds that toppled trees onto roads, vehicles and homes.

Santa Rosa, California, saw its wettest three-day period on record with about 12.5 inches (32 centimeters) of rain falling by Friday evening, according to the National Weather Service in the Bay Area.

Flooding closed part of scenic Highway 1, also known as the Pacific Coast Highway, in Mendocino County and there was no estimate for when it would reopen, according to the California Department of Transportation.

Meanwhile, on the East Coast, another storm brought much-needed rain to New York and New Jersey, where rare wildfires have raged in recent weeks, and heavy snow to northeastern Pennsylvania. Parts of West Virginia were under a blizzard warning through Saturday morning, with up to 2 feet (61 centimeters) of snow and high winds making travel treacherous.

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A man looks at a tree that fell on power lines during a major storm in Issaquah, Wash., on Friday, Nov. 22, 2024.

A man looks at a tree that fell on power lines during a major storm in Issaquah, Wash., on Friday, Nov. 22, 2024.

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Tens of thousands lose power in Seattle area

As residents in the Seattle area headed into the weekend, more than 87,000 people were still without power from this season’s strongest atmospheric river — a long plume of moisture that forms over an ocean and flows through the sky over land. Crews worked to clear streets of downed lines, branches and other debris, while cities opened warming centers so people heading into their fourth day without power could get warm food and plug in their cellphones and other devices.

Gale warnings were issued off Washington, Oregon and California, and high wind warnings were in effect across parts of Northern California and Oregon. There were winter storm warnings for parts of the California Cascades and the Sierra Nevada.

Forecasters predicted that both coasts would begin to see a reprieve from the storms as the system in the northeast moves into eastern Canada and the one in the West heads south.

By Friday night, some relief was already being seen in California, where the sheriff’s office in Humboldt County downgraded evacuation orders to warnings for people near the Eel River after forecasters said the waterway would see moderate but not major flooding.

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People wait in line to enter the Whitney Museum of American Art, Friday, Nov. 22, 2024, in New York.

People wait in line to enter the Whitney Museum of American Art, Friday, Nov. 22, 2024, in New York.

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Northeast gets much needed precipitation

In the Northeast, which has been hit by drought, more than 2 inches (5 centimeters) of rain was expected by Saturday morning north of New York City, with snow mixed in at higher elevations.

Despite the mess, the precipitation was expected to help ease drought conditions in a state that has seen an exceptionally dry fall.

“It’s not going to be a drought buster, but it’s definitely going to help when all this melts,” said Bryan Greenblatt, a National Weather Service meteorologist in Binghamton, New York.

Heavy snow fell in northeastern Pennsylvania, including the Pocono Mountains, prompting a raft of school closures. Higher elevations reported up to 17 inches (43 centimeters), with lesser accumulations in valley cities like Scranton and Wilkes-Barre. Less than 80,000 customers in 10 counties lost power, and the state transportation department imposed speed restrictions on some highways.

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Parts of West Virginia also experienced their first significant snowfall of the season Friday and overnight Saturday, with up to 10 inches (25.4 centimeters) accumulating in the higher elevations of the Allegheny Mountains. Some areas were under a blizzard warning as gusty winds made travel conditions dangerous.

The precipitation helped put a dent in the state’s worst drought in at least two decades. It also was a boost for West Virginia ski resorts preparing to open their slopes in the weeks ahead.

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Best books of 2024: Roula Khalaf, Janan Ganesh and other FT journalists pick their favourites

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Best books of 2024: Roula Khalaf, Janan Ganesh and other FT journalists pick their favourites

Roula Khalaf

Editor

The shortlisted titles for the FT and Schroders Business Book of the Year Award are, by definition, some of the most compelling reads of 2024. For readers who missed the announcement of the shortlist, I recommend every one of the six books. Since I chair the judging panel, I can’t reveal my personal favourite and we have yet to decide on the winner. Stay tuned. I do most of the reading of the longlist over the summer. My rule, however, is to read one novel before I start. My pick this year was Claire Messud’s This Strange Eventful History, an epic tale of three generations of a Franco-Algerian family. It has everything I love about a novel — sensitive character studies and the sweep of history.

Janine Gibson

FT WEEKEND EDITOR

If you are alive in 2024 you will know that X (né Twitter) is either haemorrhaging users or was the most important and influential spreader of misinformation during the US election campaign. Elon Musk, who bought the world’s 12th most popular social media platform for $44bn just two years ago, is either a delusional posting-addict in thrall to RTs or the man who won it for Donald Trump. And as one of X’s most enduring memes says, why not both? In 2024, where major newspapers do not bother to endorse their preferred candidates in public, a platform that does not officially at least consider itself media dominated another election campaign and its owner claimed victory. Let that sink in, as he likes to say. The ballad of Elon and Donald doubtless has a few more verses to go, but in Character Limit: How Elon Musk Destroyed Twitter, tech reporters Kate Conger and Ryan Mac have produced a deeply reported, revealing and slightly terrifying book that is considerably subtler than its subtitle. 

Frederick Studemann

Literary Editor

Much has been written about the chilling realities of Putin’s Russia. Yet, in a very crowded field, Patriot by Alexei Navalny is in a class of its own. This haunting autobiography ranges from vivid, often funny accounts of growing up in the lie-infested Soviet Union through the hopes of the post-communist years and on to Navalny’s emergence as the opposition leader prepared to stand up to state power for which he was hounded, imprisoned and poisoned. Unflinching, defiant and even hopeful, the book was published after Navalny’s death in unexplained circumstances earlier this year in a penal colony in the Arctic Circle. It is — to borrow the author’s own description — a shocking and extraordinary “memorial”.

On a very different note, I enjoyed Long Island by Colm Tóibín. Sequels are often best avoided. But in this follow-up to his celebrated novel Brooklyn, Tóibín elegantly brings the story back to Ireland where he unfurls a poignant tale of paths not taken and opportunities lost.

Janan Ganesh

International politics commentator

Of the great 20th-century politicians, Zhou Enlai is probably the least documented, at least in the form of English-language biographies. In Zhou Enlai, author Chen Jian plugs the hole, perhaps too exhaustively at times. Whether the long-serving Chinese premier was Mao’s accomplice, or a bridge to modern China, is teased out over more than 700 scrupulous pages.

Nilanjana Roy

FT Weekend columnist

“Friend. What a word. Most use it about those they hardly know. When it is a wondrous thing.” Hisham Matar’s profoundly moving and unsettling novel My Friends haunted my year. He writes of exile, of friendships woven from “great affection and loyalty” but also “absence and suspicion”, and you walk with him through a London filled with the whispers of writers’ ghosts, memories and betrayal. Unforgettable.

Rana Foroohar

Global Business Columnist

I’ve long thought that most of the world’s biggest problems — from climate change to rising inequality to the challenges of autocracy and oligarchy in a post-Washington Consensus world — will require more systems thinking. This is an area that is generally the wonky purview of engineers and the military, but in his very readable book The Unaccountability Machine, Dan Davies looks at how discrete problems, from bad business management to disastrous political decisions, are often a failure of faulty systems. A great way to think about our current moment.

Camilla Cavendish

Contributing editor and columnist

Not the End of the World is the most uplifting book I’ve read this year. Hannah Ritchie, lead researcher at Our World in Data, charts the progress being made on reducing global per capita carbon emissions and tells us what to stop stressing about and what to focus on. A call for action which is also an antidote to gloom.

Tim Harford

Undercover Economist

Meditations for Mortals by Oliver Burkeman contains 28 concise essays on how to live our brief lives with less anxiety and more joy. Do you rarely see friends because the prospect of a dinner party is intimidating and exhausting? Read his note on “scruffy hospitality”, cook some pasta, and enjoy your imperfect existence with some company.

Robert Shrimsley

UK chief political commentator

Clever, funny and tragic, James is the superb retelling of The Adventures of Huckleberry Finn from the perspective of the runaway slave, Jim. Percival Everett wittily but devastatingly employs the literary device of elevating a secondary character from a famous novel into the lead to flesh out both Jim and the truer horrors of American slavery. Jim is not only given a full name but a rounded personality, revealed to be an intelligent, well-read man hamming up a slave patois to comfort white owners. You do not need to have read Huck Finn to enjoy this but it is a good excuse to do so.

Alice Fishburn

OPINION EDITOR

While devouring The Garden Against Time, Olivia Laing’s beautifully told tale of literature, politics and horticulture, I started three lists: people to give it to immediately; writers to read immediately; plants to purchase immediately. Her account of the rigours of restoring a Suffolk walled garden is really a glorious meditation on what humanity’s Eden obsession tells us about ourselves.

Robin Harding

Asia Editor

An exemplar of the LitRPG (or Literary Role-Playing Game), a strange new literary sub-genre spawned by the internet, Dungeon Crawler Carl by Matt Dinniman includes an AI with a foot fetish and sentient cat called Princess Donut who sends text messages in ALL CAPS. It’s very funny and was published in print for the first time this year.

Brooke Masters

US Financial Editor

If you are a big fan of books that tie together narratives across time, Elif Shafak has written a great one. There Are Rivers in the Sky uses rainfall to link the stories of the last great Assyrian king, a 19th-century Dickensian waif turned pillaging archeologist, a Yazidi refugee from the 2014 Iraqi purge and a modern-day London hydrologist.

Henry Mance

Chief features writer

The best royal memoir of recent years is Prince Harry’s Spare (seriously). Yet I was also moved by A Very Private School, an account by Charles Spencer, Harry’s uncle, of an English boarding school in the 1970s. The education was excellent, but the teachers were abusive and the separation from his parents amounted to “an amputation”. The book made me reflect on the damage done to generations of posh kids, including today many from overseas.

John Burn-Murdoch

Chief Data Reporter

With rightwing populism on the march on both sides of the Atlantic, Vicente Valentim’s The Normalization of the Radical Right presents a striking argument: that what has changed in the past decade is not the rise of reactionary views, but the breakdown of norms that kept these always-dormant views suppressed. This book more than any other has changed how I think about the seismic political and social shifts of recent years, and what might reverse them.

Enuma Okoro

Life & Arts columnist

All Fours, is a funny, quirky and fantastically mischievous and necessary novel by Miranda July. I was not always sympathetic to the main character, “a semi-famous artist” but I loved the provocative questions about how women in mid-life might consider and boldly renegotiate what they want, what they desire and what they allow themselves to create.

Tell us what you think

What are your favourites from this list — and what books have we missed? Tell us in the comments below

Anne-Sylvaine Chassany

Companies Editor

With Houris, a brutal and poignant account of the Algerian civil war, Kamel Daoud has this year become the first author from the former French colony to win the Prix Goncourt. But France’s top literary prize has come at a high personal cost: Daoud has had to flee the country, where he risks criminal charges for daring to tackle the subject.

Madhumita Murgia

Artificial Intelligence Editor

Samantha Harvey’s diminutive and dreamy Orbital, which won this year’s Booker Prize for fiction, couldn’t have felt more otherworldly when I read it in a rustic Tuscan farmhouse this past summer. This luminous novel about the lives of six astronauts as they orbit the Earth in a spacecraft is a series of snapshots of the bonds that form in strange circumstances, the joys and sorrows of being human, and a love letter to our unique planet.

Gillian Tett

Columnist and member of the editorial board

Little unites the right and left today — except, perhaps, a sense of despair about the quality of information. The right rails against the allegedly liberal bias of the “mainstream media”; the left accuses the right of deliberately unleashing mass disinformation. So, is the answer to seek more information? Nexus, Yuval Noah Harari’s thoughtful book, suggests not. He argues that more knowledge alone will not solve our problems, since so much rests on the social and political channels that it passes through. Not everyone will like Harari’s grandiose approach, and his conclusions about AI are unnerving. But it is an important perspective at a time when the info-wars seem likely to only get worse.

Books of the Year 2024

All this week, FT writers and critics share their favourites. Some highlights are:

Monday: Business by Andrew Hill
Tuesday: Environment by Pilita Clark
Wednesday: Economics by Martin Wolf
Thursday: Fiction by Laura Battle
Friday: Politics by Gideon Rachman
Saturday: FT Critics’ choice

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