An Untapped Loan Market for Credit Unions: Healthcare Expenses
by: Marvin M. Garland, Chief Operating Officer, LEVERAGE
The U.S. government predicts that consumer out-of-pocket healthcare expenses will reach an average of $3,301 a year for each household by 2014, up from $2,500 in 2009. In 2011, this market was estimated to be slightly more than $300 billion, with forecasts predicting growth of more than 20 percent over the next four years.
