Wealthy are worried about health care costs too

The health care crisis is real. Even the wealthy are having trouble affording it. So will the Republicans ever provide realistic solutions to this pressing issue? Most likely not.

http://www.msnbc.msn.com/id/17050298/

Worries about the high cost of health care aren’t limited to the middle class and the poor. A new study said the wealthy increasingly believe paying for health care will eat through their assets.

Forty-three percent of individuals with at least $500,000 in assets said late last year that health care costs will consume a major portion of their wealth, up from 37 percent in late 2005, according to a new survey released to The Associated Press by The PNC Financial Services Group Inc.

The concern is intensifying because the issue of rising health care costs has become a media staple and individuals are much more aware of the potential expense, said Jennifer Immel, a vice president and senior wealth planner at PNC.