Women, Bones and Alcohol: Drinking alcohol has often been debated in terms of its potential health effects. There is no black and white answer. Drinking a moderate amount of alcohol as part of a healthy lifestyle may benefit women’s bone health, lowering their risk of developing osteoporosis. A new study assessed the effects of alcohol withdrawal on bone turnover in postmenopausal women who drank one or two drinks per day several times a week. Researchers at Oregon State University measured a significant increase in blood markers of bone turnover in women after they stopped drinking for just two weeks.