Assistant Professor, Real Estate & Urban Land Economics, Wisconsin School of Business
University of Wisconsin-Madison
Areas of Research Interest: Real estate finance,Urban economics, Repo markets, Subprime lending, Cross-border mortgage lending, and Affordable housing
This brief examines the characteristics of credit counseling clients who experienced problems paying for their medications and analyzes which factors affect clients’ ability to pay for prescriptions. The data used in this brief were collected by Clarifi, a leading nonprofit financial counseling provider that serves about 15,000 Philadelphia-area residents each year. In the summer of 2016, Clarifi surveyed a sample of its non-housing counseling clients to document their credit status and medication use.
Background: Over the past decade, a number of studies have explored how household finances affect individual health outcomes. Medication adherence is a common subject of these studies, as prescription drugs are both potential stressors for already stretched budgets and key elements of successful treatment for many conditions. Even in households that have insurance coverage for prescription drugs, the co-pays required by many insurance plans may be difficult for households to manage, and for households without insurance, prescription drug costs may be prohibitive. But failing to fill a prescription or quitting a medication regimen early can lead to worse overall health in the long run—when patients fail to take medications as directed, their risk of hospitalization increases and their health care costs generally go up (Viswanathan et al. 2012; Roter et al. 1998). Because they may determine the ability to afford medications, then, household finances may also be a determinant of clients’ overall health.
Thus, interventions that support positive financial management behaviors may, in turn, improve individuals’ health. The first step in developing such interventions is understanding the characteristics and needs of those who would benefit from them.
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Date: May 4-5, 2017
Where: Royal Credit Union Corporate Center, Eau Claire, WI
Cost: $175 (Please note, as of June 1, 2017 the cost of our 2-day workshop will change to $245)
Description: University of Wisconsin trainers will provide a 2-day workshop on skills and strategies for financial coaches. This workshop is designed as an introduction to financial coaching and can also be used as a refresher to practice and advance coaching skills.
A|4 Financial Coaching Foundations Workshop, May 4-5, 2017
Please join the Center for Financial Security for a webinar to discuss a recent case study project conducted by CFS and supported by the Annie E. Casey Foundation. CFS interviewed financial coaching organizations from across the U.S. about their strategies for making their programs more inclusive and accessible to the communities they serve.
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Managing Partner, Dave Grace and Associates
Areas of Research Interest: Financial Sector Policy, Financial Inclusion, International Development, and Financial Cooperatives