The Homa Files

Excerpted from USA TODAY, “Census: Uninsured total shrank, incomes rose in 2007”,  Aug. 28, 2008

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The number of people without health insurance dropped 1.3 million to 45.7 million. The uninsured fell to 15.3% from 15.8%. The primary reason for decline: More people, especially children, are covered by government-sponsored insurance.

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Median household income rose to $50,233 in 2007 after adjusting for inflation. That’s $665 more than a year earlier but still below the peak of 1999. Income in black households rose for the first time since 1999.

Democratic candidate Barack Obama said, “Today’s news confirms what America’s struggling families already know — that over the past seven years, our economy has moved backwards.”

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Full article:
http://usatoday.printthis.clickability.com/pt/cpt?action=cpt&title=Census%3A+Uninsured+total+shrank%2C+incomes+rose+in+2007+-+USATODAY.com&expire=&urlID=30607054&fb=Y&url=http%3A%2F%2Fwww.usatoday.com%2Fnews%2Fnation%2Fcensus%2F2008-08-26-census-poverty_N.htm&partnerID=1660

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Note: See post “From Clinton to Bush, median real after-tax income is up !” ….  Watch for details re: uninsureds next week.

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This entry was posted on August 29, 2008 at 6:40 am and is filed under Economics, Government & Politics, Health Care / Medical Insurance, Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.