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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: ild who wrote (42512)	9/28/2005 3:18:33 PM
From: benwood	Respond to of 110194

That scenario of aging boomers being hard pressed to pay for services considered vital at that time (but not now, hence no savings) will be EXACTLY the catalyst for the downsizing or relocation (or selling 2nd homes). They won't need to die with a house full of equity (and one which costs a lot to maintain and heat), but they will need medical care. That transition, btw, to where they are struggling to pay medical necessities, will finally be the blow that the medical industry needs to wake up (from overbilling, 10%+ inflation, etc.) because boomers will start shopping around and/or calling hospitals/clinics on the carpet for procedures, billing, etc. That in turn will force accountability and efficiency on that profession for the first time in 50 years. And yeah, that will cause boomers to "set" those prices. Arbitrage from foreign countries will be a part of that, too -- fly to India, get a cornea transplant, fly home and still save $5000 -- it's already happening.