2007 IAM News Archives

Health Care Costs Taking a Greater Chunk Out of American's Incomes

Thu. December 20, 2007

December 20, 2007 - More than 60 million Americans will spend more than 10 percent of their pre-tax income on health care costs next year, according to a study by Families USA. In addition, more than 17 million Americans will spend more than a quarter of their pre-tax income on health care.

Other key findings:

  • Between 2000 and 2008, the number of people in families spending more than 10 percent of their pre-tax income on health care costs will have increased by nearly 20 million.
  • More than 80 percent of people in families spending more than 10 percent of their pre-tax income on health care are insured.
  • Between 2000 and 2008, the number of people in families spending more than 25 percent of their pre-tax income on health care costs will have increased by 6.2 million.

Read more from the report here.

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