Healthcare consumes income increases - MSNewsNow.com - Jackson, MS

Healthcare consumes income increases

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JACKSON, MS (Mississippi News Now) -

The gains Americans made in their income over the past ten years have been essentially wiped out by the rise in healthcare costs.

According to a study from the Rand Corporation, average American families experienced a thirty percent increase in income from 1999 to 2009 but monthly health insurance premiums went up one hundred twenty-eight percent.

Out-of-pocket spending for copays, deductibles and medications went up seventy-eight percent.

This study was led by researchers at the RAND Corporation and published in the journal Health Affairs.

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