Americans are spending more and more on out-of-pocket health-care costs.
A report released this week by the JPMorgan Chase Institute finds that annual growth in out-of-pocket spending has accelerated since 2014, reaching 8.5 percent in 2017.
That year, “high-income families experienced the fastest growth in healthcare spending, while low-income families experienced the highest growth in healthcare spending burden.”
Low-income households spent about 2.8 percent of their take-home pay on health care, compared to just over 1 percent for the top-earning fifth of families.
