On Target

The Fulton Research Blog

Healthcare and housing in the DC region

Health Care Reform approved by Congress and signed into law by President Obama is a historical moment. Politics aside, what does this mean to the housing market in the Washington and Baltimore metropolitan areas? Job growth. As reported by The Washington Business Journal, expansion of the Department of Health and Human Services and Internal Revenue Services will be necessary to manage the programs. Additionally, creation of the Health Choices Administration provides oversight of the larger health care industry. Secondly, Student Loan Reform (which is how the legislation covers the cost of expanded health coverage) will expand the Department of Education, although it is at the expense of the commercial banking industry, such as Sallie Mae with headquarters in Reston, VA. Finally, with 30 million more people having access to health care, there will be a need for more hospitals, drugs, nurses, doctors and new technology. The local Life Sciences industry will enjoy growth as a result.

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