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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Elroy Jetson who wrote (7742)	1/2/2003 7:29:20 PM
From: Lizzie Tudor	Respond to of 306849

interesting- well you know I know hundreds of laid off workers and nobody gets medi-cal. No parttime workers get medical benefits either that I know of (retail etc.). These groups just sort of sit around and hope they don't get sick until the next job comes around. So if one of these programs ever really does become "universal" its expenses will increase fairly dramatically I'd say.

To: Elroy Jetson who wrote (7742)	1/2/2003 9:23:36 PM
From: ild	Read Replies (1) \| Respond to of 306849

Elroy, do you monitor RE sales? From what I see in my neighborhood (ZIP 92604) is that inventory is very low and prices are not falling. IMO the situation will get clearer closer to March. What do you think about FNM and FRE moves on extra charges for cashouts? IMO this can the final straw that'll break camel's back.

To: Elroy Jetson who wrote (7742)	1/2/2003 11:56:30 PM
From: GraceZ	Read Replies (1) \| Respond to of 306849

The largest Federally mandated program, paid for by the States, is healthcare. Medi-Cal (Medicaid in other states) and unreimbursed healthcare are the cause of the State deficits, once tax revenues declined. Medicaid is administered by the states but it is jointly funded by the Feds and the States. Notice that a portion of all Social Security payments go to Medicare/Medicaid (2.9%) which is administered by HCFA (now called Medicaid and Medicare Services). The Feds provide funds and only provide broad guidelines to the states. Overview of the Medicaid Program -------------------------------------------------------------------------------- Title XIX of the Social Security Act is a program which provides medical assistance for certain individuals and families with low incomes and resources. The program, known as Medicaid, became law in 1965 as a jointly funded cooperative venture between the Federal and State governments to assist States in the provision of adequate medical care to eligible needy persons. Medicaid is the largest program providing medical and health-related services to America's poorest people.Within broad national guidelines which the Federal government provides, each of the States: 1.establishes its own eligibility standards; 2.determines the type, amount, duration, and scope of services; 3.sets the rate of payment for services; and administers its own program. Thus, the Medicaid program varies considerably from State to State, as well as within each State over time.