Economists say rising healthcare costs could lead to you losing your job
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According to collaborative research from Yale, the University of Chicago, and the IRS, among others, expensive medical care doesn’t just impact patients. It could result in layoffs for workers who never even went to the hospital.
It turns out rising healthcare prices have a hidden cost: jobs. A new working paper, titled “Who Pays for Rising Health Care Prices? Evidence from Hospital Mergers” and published by the National Bureau of Economic Research, examines the link between increasing healthcare costs and job cuts.