The Effect of Health Care Cost Growth on the U.S. Economy. Summary


There is some evidence that rising health care expenditures have led to a rise in uninsurance rates among U.S. households.  Evidence from recent surveys also indicates that a significant proportion of consumers, especially the uninsured, are burdened by debt due to medical bills and sometimes forego needed medical care and other spending due to high medical care costs. Finally, recent studies have shown that rising health care costs can also affect labor market outcomes and reduce non-health consumption as well as other non-wage benefits.

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