Healthcare Costs A Drain On Middle-Class
|United Press International|
U.S. middle-income households spent 51 percent more on healthcare in 2010 than a decade earlier, researchers say.
The study, conducted for
"For both working-age and retirement-age middle class households, rising healthcare expenses are taking up a growing share of financial resources, leaving less for other priorities," the analysis said.
Healthcare spending per person reached
In 2011, one-third of Americans were in families facing a financial burden from medical bills, and 1-in-5 were in families having trouble paying those bills.
Companies shifted more health insurance costs to their workers over the last decade, more than doubling premiums for family coverage, from
Health-related expenses absorbed a large share of incomes for people age 65 and older, and that share is projected to grow over time to 18 percent of future retirees' household income from 8 percent today.
Forty-one percent of middle-class people on the cusp of retirement, ages 56-62, are at risk of not being able to pay for basic living expenses and out-of-pocket health costs in their later years, the study said.
Long-term care services run from
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