|
|
Article: Health care eating away at income; cost exceeds 10 percent of household budget for scores of Americans under 65.
- Article from:
- The Beaumont Enterprise (Beaumont, TX)
- Article date:
- December 13, 2006
CopyrightCOPYRIGHT 2006 The Beaumont Enterprise. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Byline: Kristina Herrndobler
Dec. 13--Independent business owner Doug McMakin pays $860 a month for health insurance, and if he, his wife or either of their two children get sick, they've got to cover the first $2,500 worth of health-care costs before the insurance policy begins picking up the tab, he said.
McMakin, the 45-year-old pharmacist and owner of McMakin Pharmacy in Beaumont, said he spends more than 10 percent of his income on his family's health-care costs. He is not alone. An estimated 50 million people under the age of 65 live in families that spend more than 10 percent of their income on health care, according to new research ...