Tags: healthcare | costs | poverty

Healthcare Costs Continue to Cripple Millions Into Poverty

Image: Healthcare Costs Continue to Cripple Millions Into Poverty

(AP Images)

By    |   Wednesday, 14 Sep 2016 08:58 AM

Throwing a wet rag on Tuesday's news that median income was up for the first time in nearly 10 years is the fact that health care costs continue to be an albatross for millions of Americans, CBS News reports.

Taking into account something called the Supplemental Poverty Measure, 11.2 million more Americans are considered living in poverty than in 2015, according to CBS News.

It's a Catch-22 crippling the pocketbooks for millions — nearly 91 percent of Americans are now insured, thanks to Obamacare, but with that comes the enormous costs of having health insurance:

  • Premiums;
  • Co-pays;
  • Prescriptions, etc.

Tuesday's report from the Census Bureau glossed over all that.

Median household income went up 5.2 percent in 2015 to $56,500, the first increase since 2007. And the Bureau's report said the poverty rate declined by 13.5 percent since 2014.

But the Supplemental Poverty Measure shows that's not the reality for millions of Americans.

"What's complicating the scenario here is that when you give people access to insurance, especially affordable insurance, you may have people paying more out of pocket for health care than they did before they had coverage," Matt Broaddus, research analyst with the Center on Budget and Policy Priorities, told CBS News.

© 2017 Newsmax. All rights reserved.

   
1Like our page
2Share
Newsfront
Throwing a wet rag on Tuesday's news that median income was up for the first time in nearly 10 years is the fact that health care costs continue to be an albatross for millions of Americans, CBS News reports.
healthcare, costs, poverty
204
2016-58-14
Wednesday, 14 Sep 2016 08:58 AM
Newsmax Inc.
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
America's News Page
© Newsmax Media, Inc.
All Rights Reserved