IPFS News Link • Obamacare
Death Panel Discussion: Obamacare Costs Skyrocket; When Does It Stop?
• mishtalk.comSelf-covered individuals are hit hardest, but employers providing coverage have fought back against rising costs by reducing plan benefits.
Deductibles are up 67% since 2010. That's seven times more than wages. And the cost of prescription drugs is out of sight.
Please consider Burden of Health-Care Costs Moves to the Middle Class
Overall, health-care spending across the economy reached 18.2% of gross domestic product as of June, up from 13.3% in 2000, according to Altarum Institute, a health research group.
David Cutler, a Harvard health-care economist, said this may be "a story of three Americas." One group, the rich, can afford health care easily. The poor can access public assistance. But for lower middle- to middle-income Americans, "the income struggles and the health-care struggles together are a really potent issue," he said.