Dec 7, 2018

Health care eats up 12% of workers' income

Insurance premiums, combined with total deductibles, add up to 12% of workers' median incomes, according to a new analysis from the Commonwealth Fund.

The big picture: Overall costs have been rising steadily for years, and workers' share of those costs have been growing even faster.

Details: Unsurprisingly, health care coverage is especially expensive in the South and in rural areas, which often have less competition among providers and sicker populations.

  • Workers' annual premiums and deductibles together add up to more than $8,000 in 8 states: Alaska, Arizona, Delaware, New Hampshire, North Carolina, South Dakota, Texas and Virginia.
  • State by state, premiums eat up the biggest share of the median income in Louisiana, at more than 10%. Premiums and deductibles together topped 15% of the average income in Louisiana and Mississippi.

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Trump indulges Wall Street with Milken pardon

Photo Illustration: Sarah Grillo/Axios. Photo: Chris Graythen/Getty Images

Donald Trump loves Wall Street shenanigans. Companies owned by him have declared bankruptcy six different times, and he was once sued alongside Mike Milken for participating in a scheme to artificially inflate junk-bond prices.

Driving the news: Trump pardoned Milken this week, with an official statement positively gushing over Milken's role in developing the wilder side of fixed-income capital markets.

Situational awareness

Photo: Win McNamee/Getty Images

Catch up on today's biggest news:

  1. Roger Stone sentenced to 40 months in prison
  2. Top NSC official reassigned to Energy Department amid "Anonymous" fallout
  3. Morgan Stanley to buy E*Trade in $13 billion deal
  4. Coronavirus slams companies' 2020 sales projections
  5. Black activist group gives its first presidential endorsement to Elizabeth Warren

Coronavirus kills 2 Diamond Princess passengers and South Korea sees first death

Data: The Center for Systems Science and Engineering at Johns Hopkins, the CDC, and China's Health Ministry. U.S. numbers include Americans extracted from Princess Cruise ship.

Two elderly Diamond Princess passengers have been killed by the novel coronavirus — the first deaths confirmed among the more than 600 infected aboard the cruise ship. South Korea also announced its first death Thursday.

The big picture: COVID-19 has now killed more than 2,100 people and infected over 75,000 others, mostly in mainland China, where the National Health Commission announced 114 new deaths since Wednesday.

Go deeperArrowUpdated 2 hours ago - Health