Nonsequitur: 20-28% of US Income Going to Health Care Premiums
January 8, 2015
According to a study by the Commonwealth Fund, health care premium costs have increased in all 50 states. While the rate of health care cost growth has slowed, flat wage growth has resulted in a net loss of value for health care consumers. Most families are spending more than 20% of their income on health care premiums (and other out of pocket expenses) while using fewer medical services. In other words, “Workers are paying more but getting less protective benefits.” Read the full report here.