Health Care Costs Will Be Higher Than Half Of Country’s Income By 2037

Health insurance will cost more than the median income of an American household by 2037 -- and that's the best-case scenario, two doctors contend in a new study.
The reason: Wages for U.S. workers are stagnating and health care costs are rising so quickly that even if the health reform law enacted two years ago by President Obama works as advertised, health insurance premiums will surpass income for many Americans in the coming decades, according to an article published in the journal, Annals of Family Medicine (h/t U.S. News and World Report).
Under a less rosy scenario, insurance costs will reach the tipping point in 2033, Richard Young of John Peter Smith Hospital in Forth Worth, Texas, and Jennifer DeVoe of Oregon Health Sciences University in Portland, who conducted the study, found.