Wednesday, October 26, 2016
Commonwealth Fund Report Finds Americans’ Salaries Can’t Keep Up With Rising Medical Costs
Americans are spending more of their paychecks on health insurance because stagnant wages aren’t keeping up with spiraling medical costs, according to a new study.
A report being issued Wednesday by The Commonwealth Fund, a nonpartisan research foundation, found that premiums and deductibles grabbed 6.5 percent of workers’ paychecks in 2006, growing to 8.4 percent in 2010 and 10.1 percent in 2015.
And that doesn’t include co-pays for doctors’ visits and prescription drugs...