Screening Older Patients for Risk Factors Associated with Financial Exploitation
- 631 Downloads
Due to a variety of conditions, especially Mild Cognitive Impairment and dementia, many older people are defrauded of money they need to pay for routine living expenses and for out-of-pocket healthcare costs. Since most older persons do not have the time to recoup their losses, they must often make the difficult choice of foregoing expenses for needed health care. Not receiving those health services and perhaps eating less nutritious food can hasten a downward spiral, exacerbating often frail conditions that clinicians must manage. In this chapter, the authors present an overview of the medical literature on risk factors associated with increasing an elder’s vulnerability to being financially exploited. They also describe a national continuing medical education program to raise clinicians’ awareness of the issue and what healthcare professionals can do to help prevent the adverse consequences of the loss of their patients’ wherewithal to have a good old age.
KeywordsMild Cognitive Impairment Primary Care Provider Investor Protection Iowa Gambling Task Financial Exploitation
- 1.MetLife Foundation. The MetLife study of elder financial abuse: crimes of occasion, desperation, and predation against America’s elders. New York; 2011.Google Scholar
- 3.Infogroup/ORC. Elder investment fraud and financial exploitation: a survey conducted for Investor Protection Trust. 2010. http://www.investorprotection.org/downloads/pdf/learn/research/EIFFE_Press_Release.pdf. Cited 20 Mar 2012.
- 4.Roush RE, Moye JA, Mills WL, Kunik ME, Wilson NL, Taffet GE, Naik AD. Why clinicians need to know about the elder investment fraud and financial exploitation program. Generations. 2012;36(2):94–7.Google Scholar
- 5.Magnusson P. New head of the SEC: Swindlers besieged Christopher Cox’s parents. Now, as SEC chairman, he’s fighting back. AARP Bulletin. 2006;47(2):31–4.Google Scholar
- 11.Denburg NL, Harshman L. Why so many seniors get swindled: brain anomalies and poor decision-making in older adults. 2009. http://www.dana.org/news/cerebrum/detail.aspx?id=23106. Accessed 20 Mar 2012.
- 13.Karp N, Wilson R. Protecting older investors: the challenge of diminished capacity. Washington: AARP Public Policy Institute; 2011.Google Scholar
- 15.American Heart Association. Heart disease and stroke statistics. Dallas (TX): American Heart Association. 2009. http://www.nanocorthx.com/Articles/HeartDiseaseStrokeStatistics.pdf
- 18.Petersen RC. Neuroimaging and biomarkers: how early can we diagnose Alzheimer’s disease? Robert Butler, M.D., Memorial Lecture, Bethesda: National Institutes of Health; 8 May 2013.Google Scholar
- 20.Anderson ND, Troyer AK, Murphy KJ. Mild cognitive impairment: the border zone between cognition and dementia. Aging Today. 2012;33(6):4.Google Scholar
- 22.Factora R, Naik AD, Roush RE, Ulrey P. Truth and consequences: Mickey Rooney, geriatric assessment, and risk for financial exploitation. Annual Meeting of the American Geriatrics Society: Seattle; 3 May 2012.Google Scholar