AXIOS June 24, 2024
Rising health care prices have measurably increased unemployment in the United States, according to a new study in the National Bureau of Economic Research.
Why it matters: Surging health care costs don’t just hit Americans in their pocketbooks — they could be costing them jobs, especially for middle-income workers.
The big picture: Most people with health insurance are covered through an employer. That system creates a “direct link” between health care prices and labor market dynamics outside of the health sector, the researchers said.
- As health care prices rise, so do the costs to employers providing health insurance.
- But the impacts are felt more broadly among workers. Previous research has found that growing health care costs have also stifled...
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