Rising healthcare costs, driven by hospital mergers, are leading to increased unemployment in the U.S. Employers are laying off workers as they struggle to afford higher health insurance premiums. Research indicates that companies shed workers in the year following local hospital price hikes. Middle-income workers are particularly affected by these job cuts. Another reason for these layoffs is the impact of tax exclusion, CON laws, and licensing barriers.
Hospitals' merger-fueled price increases force local employers to lay off staff, researchers warn https://t.co/P7e5uFOA9p
Another reason to kill the tax exclusion, CON laws, & licensing barriers: "Companies shed workers in the year after local hospitals raise their prices....Higher hospital prices pushed up premiums for employees’ health insurance, which businesses help pay" https://t.co/FuJai1iCsL https://t.co/gFsKnuZRje
Price hikes for health care generated by hospital mergers often lead to job cuts by employers who can no longer afford to contribute to worker insurance plans. https://t.co/WdDbf6MXWn
Rising health care prices have measurably increased unemployment in the U.S. Surging health care costs don't just hit Americans in their pocketbooks — they could be costing them jobs, especially for middle-income workers. https://t.co/XJtE4UIYy7
“Employers that face increases in healthcare spending respond by laying off workers who they can no longer afford to retain." Companies shed workers in the year after local hospitals raise prices, according to new research https://t.co/DJlM7B6Ftd via @WSJ