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In The Morning News

Posted on 03/7/2008 by | General News | Comments

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USA Today: Home Equity Below 50% Level
“Home equity for the average American has dropped below 50% for the first time since World War II, reflecting a widespread decline in home values and relatively loose mortgage practices during much of this decade. The average homeowners’ equity — the mortgage balance as a proportion of the home’s market value — fell to 47.9% at the end of 2007, the Federal Reserve reported Thursday.”
US News and World Report: GAO Report Seen As Inflaming Criticism Against Medicare Advantage
“A new report finds that there may not be much advantage after all in Medicare Advantage plans over traditional Medicare, at least for certain seniors. The managed-care plans offered by private insurers are touted for offering extra benefits—vision, hearing, and dental coverage, for example—despite having lower premiums and out-of-pocket costs. What’s not to like? Some 9 million seniors, about a fifth of all Medicare beneficiaries, have signed up. But last week the Government Accountability Office announced that seniors in some plans might actually pay more for certain services.”

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