Calculate your site FeedRank Today
FeedRank, a newly developed algorithm for ranking RSS feeds only on RSSMicro
Click here to learn more
 3/10 Fair --- www.healthpopuli.com http://feeds.feedburner.com/feedburner/YOyv
Tuesday, May 06, 2008 --- 80 days ago http://www.healthpopuli.com/2008/04/new-health-insurance-math-every-1-rise.html
| I had an unsettling conversation yesterday with someone in-the-know about consumer credit markets. Consumer credit covers everything from credit cards to auto and home equity loans. The expert expects that a deepening consumer credit crisis will loom until late in 2010. Food and credit card debt are seen as a "serious problem" by 18% of Americans. Just before this consumer-credit realization, I read the latest poll, Medicaid, SCHIP and Economic Downturn: Policy Challenges and Policy Responses , from the Kaiser Family Foundation which finds that, for every 1 percent increase in unemployment, there is a 1.1 million person rise in the number of uninsured Americans. KFF forecasts that this would result in 1 million more people enrolling in Medicaid, including 600,000 children and 400,000 adults. This would increase states' Medicaid spending by $1.4 billion -- at the same time that tax revenues would fall by 3 to 4 percent due to declining workforce participation and worker tax payments. The exacerbating economy for Everyday Man and Woman is already forcing hard choices for many. Look at the news that Costco is rationing rice (and other staple foodstuffs) based on the exponentially increasing cost of basic food. The worsening economy is hitting the kitchen table. It's being called the New Consumer Credit Paradigm, or the new standard of consumer frugality . Health Populi's Hot Points: What are the implic ... |
|
|
Recent Posts
|
|
|
Facebook Del.icio.us Digg StumbleUpon Reddit Google
Anytime
