From
Reuters Health:
People with fewer assets like real estate, savings, stocks and retirement accounts may be more likely to develop disabilities or die prematurely than wealthier individuals, a new study suggests. ...
“Interestingly, the link between wealth and health outcomes was seen in both the U.S. and England, which are two countries with very different health and social safety net systems,” said study leader Dr. Lena Makaroun of the VA Puget Sound Health Care System and the University of Washington in Seattle. ...
The similarities suggest that for low-wealth individuals, health care or financial benefits alone may not be enough to improve their health trajectory, she added. ...
Disability was defined as any difficulty in performing activities of daily living, such as dressing, eating and bathing. ...
I think there may be one important explanation that apparently wasn't considered by the study's authors. People become poorer because they're sicker. Sickness limits the ability to work. Even with relatively generous government benefits in England, the ability to accumulate wealth is closely tied to the ability to work. You can't put away much money if you're on the dole.
By the way, don't think that government healthcare in England pays for everything. It doesn't pay for dental care, for instance. Brits are
notorious for having bad teeth. Poor dental care is bad for your general health. Of course, there are plenty of Americans who lack dental care.