<img height="1" width="1" style="display:none" src="https://www.facebook.com/tr?id=418351661899748&amp;ev=PageView&amp;noscript=1">
Nonstop Blog:

Burden of Healthcare Costs Moves to the Middle Class - The Wall Street Journal

healthcare_burden.jpgImage: Rand

Anna Louie Sussman of The Wall Street Journal focuses on how middle class workers are struggling to pay for healthcare in a time when wages are stagnant, employers are cost-shifting, and deductibles are on the rise.

Read the full original article from The Wall Street Journal.

“A June Brookings Institution study found middle-income households now devote the largest share of their spending to health care, 8.9%, a rise of more than three percentage points from 1984 to 2014. Brookings defined “middle income” as those households with incomes between the 40th and 60th percentile of the income distribution. By 2014, middle-income households’ health-care spending was 25% higher than what they were spending before the recession that began in 2007, even as spending fell for other “basic needs” such as food, housing, clothing and transportation.”

Sussman goes on to cite stories of people who are having to carefully select the medical services they seek out and make choices between healthcare and other areas of their life.

Protect your employees from increasing healthcare costs by eliminating their
out-of-pocket expenses - while still lowering your premium spend.
Find out how by downloading our Quick Guide to Partial Self Insurance

Download Now

The information and materials herein are provided for general information purposes only and are not intended to constitute legal or other advice or opinions on any specific matters and are not intended to replace the advice of a qualified attorney, plan provider or other professional advisor. This information has been taken from sources believed to be reliable, but there is no guarantee as to its accuracy. In accordance with IRS Circular 230, this communication is not intended or written to be used, and cannot be used as or considered a ‘covered opinion’ or other written tax advice and should not be relied upon for any purpose other than its intended purp