AXIOS June 5, 2024
Health insurers are investing hundreds of millions of dollars into building new affordable housing units.
Why it matters: The housing affordability crisis is a major health care concern, since housing instability is tied to poorer health. Insurers say their investments will translate to healthier communities, which would also mean less costly enrollees.
- It also comes as the federal government encourages Medicaid experiments that help low-income enrollees cover housing costs.
Driving the news: Centene, the nation’s largest Medicaid insurer, last month announced its philanthropic arm is partnering with an affordable housing developer to invest roughly $900 million in new housing in eight states.
- UnitedHealth Group last month said its investment in affordable housing has surpassed $1 billion, creating...
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