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The painful, burning sensation is caused by rising stomach acid. It moves from your stomach, where the lining is resistant to its corrosive effects, up into your esophagus, the lining of which is not similarly protected. It can climb all the way from the bottom of the esophagus all the way up into the throat.
It's possible to experience rapid heartbeat, lightheadedness, and a feeling like your health is in serious jeopardy, all as a result of anxiety. It's also possible to experience a great deal of anxiety because of health related problems. Anxiety really can cause chest pain. In general, anxiety and stress prevention is the best way to prevent future pain in the chest, because the pain itself is usually an indication that you suffer from too much anxiety.