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What impact does the economy have on rising cost of health care?
Wiki User
∙ 13y ago
The current state of the economy in the U.S. has caused many people to lose their benefits at work since many companies across the board have seen profits drop. This, in addition to the loss of employment outright has created a higher cost per individual simply because there is no employer aid in covering for medical care.
Fewer jobs mean more individual health insurance policies which will always cost more than any employer based HMO plan. That being said, the cost of health care is a heavy financial burden for anyone affected negatively by the economy.
Wiki User
∙ 13y ago
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