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Bad News, Good News

IMG Auteur
Michael J. Panzner
Financial Armageddon
Published : April 01st, 2011
141 words - Reading time : less than a minute
( 2 votes, 2.5/5 ) , 1 commentary
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Category : Crisis Watch

 

 

 

 

In "More Adults Foregoing Medical Care, Health Insurance Due to Cost," Becker's Hospital Review highlights one of the tough choices the "recovery" is forcing many Americans to make.

 

More adults are foregoing medical care or health insurance because they can't afford it, according to studies by the New York-based Commonwealth Fund and D.C.-based Families USA.

 

The studies, reported in American Medical News, found that the economic recession has driven patients out of physician offices. The Commonwealth Fund study found the number of uninsured adults rose over the last decade from 38 million to an estimated 52 million, representing 28 percent of the working-age population.

 

The good news, of course, is that it leaves them with more money to squander spend on dollar store trinkets, junk food, lottery tickets -- and stocks.

 

More fodder for the bulls?

 

Michael J. Panzner
Editor, Financialarmageddon.com

 

 

 

 

 

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Michael J. Panzner is a 25-year veteran of the global stock, bond, and currency markets and the author of Financial Armageddon: Protecting Your Future from Four Impending Catastrophes, published by Kaplan Publishing.
WebsiteSubscribe to his services
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R.   4/1/2011 at 2:54 PM GMT
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i cannot afford health insurance for my wife but have never squandered any money SCREW your assumption, when assume you make an ass-u-me.
Latest comment posted for this article
i cannot afford health insurance for my wife but have never squandered any money SCREW your assumption, when assume you make an ass-u-me. Read more
R. - 4/1/2011 at 2:54 PM GMT
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