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Data: The Commonwealth Fund; Chart: Chris Canipe/Axios

The number of underinsured Americans — meaning, people whose out-of-pocket costs eat up a significant percentage of their income — is steadily climbing, according to a new survey by the Commonwealth Fund.

By the numbers: The increase has been sharpest among those who get insurance through their employers, rising from 17% of insured workers in 2010 to 28% last year, representing 44 million Americans.

  • In the individual insurance market, the rate of underinsured consumers has gone from 37% to 42% in the same time frame.

Why it matters: A person is considered underinsured if their out-of-pocket spending exceeds 5-10% of their income, or if their deductible is more than 5% of their income.

  • By definition, those are patients who have a harder time paying their medical bills.
  • And patients with high deductibles are also more exposed to the full cost of health care services, contributing to the public outcry over health care costs.

Go deeper: Workers' health care costs just keep rising

Go deeper

Updated 20 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Global: Total confirmed cases as of 9 a.m. ET: 33,138,963 — Total deaths: 998,380 — Total recoveries: 22,953,639Map.
  2. U.S.: Total confirmed cases as of 9 a.m. ET: 7,116,455 — Total deaths: 204,762 — Total recoveries: 2,766,280 — Total tests: 101,298,794Map.
  3. States: 3 states set single-day coronavirus case records last week
  4. Health: The childless vaccine — Why kids get less severe coronavirus infections.
  5. World: India the second country after U.S. to hit 6 million cases
30 mins ago - Technology

Exclusive: Where Trump and Biden stand on tech issues

Photo illustration: Aïda Amer/Axios. Getty Images photos: Win McNamee and Saul Loeb/AFP

Joe Biden has laid out a more concrete tech agenda whereas President Trump has focused on tax cuts and deregulation while criticizing tech firms for anti-conservative bias. That's according to a side-by-side analysis of the two candidates' tech records by the Information Technology & Innovation Foundation shared exclusively with Axios.

Why it matters: The tech industry needs to prepare for either four more years of Trump's impulsive policy approach or for a Biden administration that's likely to be critical of tech but slow to take action.

Dion Rabouin, author of Markets
2 hours ago - Economy & Business

Big Tech's share of the S&P 500 reached record level in August

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Reproduced from The Leuthold Group; Chart: Axios Visuals

The gap between the weighting of the five largest companies in the S&P 500 and the 300 smallest rose to the highest ever at the end of August, according to data from the Leuthold Group.

Why it matters: The concentration of wealth in a few massive U.S. tech companies has reached a scale significantly greater than it was before the dot-com bubble burst.