Increases in Cost of Care Outpace Income and Overall Spending

Increases in Cost of Care Outpace Income and Overall Spending

A breakdown of consumer spending from the Bureau of Labor Statistics supports the notion that the high cost of healthcare encourages patients to seek care in less traditional settings like urgent care. Data for 2012–2014, the most current available, show that 19 percent of total healthcare spending is out of pocket—and that figures is still on the rise. With an increase of 20.6%, increases in total spending for healthcare far outpaced income before taxes (up …

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