Tuesday, November 25, 2008

Housing and Healthcare - Part 2

Was there another Hindenburg sighting this morning?
(WSJ): "Health-care costs are creating financial problems that lead to housing problems," says Mark Rukavina, executive director of the Access Project, a Boston-based research and advocacy group on medical debt. A biennial survey last year by the Commonwealth Fund, a nonpartisan research group, found that 41% of about 2,600 working-age adults had fallen behind on medical bills, up from 34% in 2005.
It just makes sense: many people have been using their homes to finance their health care costs.

The question now becomes not if the housing market will affect health care, but by how much?

-Wes

Addendum 12:30 CST: More in Newsweek.

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