Surprise: Americans Are Paying More for Healthcare Premiums and Deductibles
ABC News seems unsure just why
In 2008, middle-class workers spent about 7.8% of household income on premiums and deductibles.
By 2018, that figure had climbed to 11.5%. https://t.co/u1iaCkAfoA
— ABC News (@ABC) November 21, 2019
It’s a total mystery, but, I bet it still has to be Trump’s fault
(ABC News) According to a new report by The Commonwealth Fund, rising premium and deductibles contributions have outstripped wage growth over the past decade. More and more middle-class Americans are paying a greater percentage of earnings for health care.
The report analyzed survey data from 40,000 private-sector employers, as well as income data from the Census Bureau.
Median household income in the United States between 2008 and 2018 grew 1.9% per year on average, rising from $53,000 to $64,202.
But middle-class employees’ premium and deductible contributions rose much faster — nearly 6% per year over that same decade.
In 2008, middle-class workers spent about 7.8% of household income on premiums and deductibles. By 2018, that figure had climbed to 11.5%.
Strange. The phrases “Patient Protection and Affordable Care Act” and “Obamacare” do not appear anywhere, nor are they even alluded to.
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