Healthcare Costs Are Going Nowhere but Up -- and Workers Are Feeling the Pain

Healthcare Costs Are Going Nowhere but Up -- and Workers Are Feeling the Pain

To hear that numerous Americans are burdened by healthcare costs isn't exactly news. But a new report by Bank of America Merrill Lynch highlights just how severe the situation has gotten. For one thing, 79% of employees saw their healthcare costs climb in 2016, up from 69% in 2015.

But it's not just that healthcare expenses are rising; they're also impacting workers who can't keep up. A good 56% of people who saw their costs increase last year say their financial goals -- namely, saving for retirement and paying off debt -- are now suffering. And though not nearly as critical, two-thirds of workers whose healthcare costs went up have been forced to cut back on leisure.

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Source: Fool.com