Home Science Rising health care prices are driving unemployment and job losses

Rising health care prices are driving unemployment and job losses

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rising health care prices are driving unemployment and job losses

Rising health care prices in the U.S. are leading employers outside the health care sector to reduce their payroll and decrease their number of employees, according to a new study. The study found that when health care prices increased, non-health care employers responded by reducing their payroll and cutting the jobs of middle-class workers. For the average county, a 1% increase in health care prices would reduce aggregate income in the area by approximately $8 million annually.

Source: ScienceDaily.com