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News Briefing for Wednesday, December 3, 2014

HEALTHCARE: Americans Are Spending 42 Percent More on Health Insurance Than They Did in 2007 “Data on consumer spending show that spending on health insurance surged 42 percent from 2007 to 2013, according to analysis by the Wall Street Journal. The rise reflects the increasing cost of health insurance and the Affordable Care Act’s requirement that everyone buy extensive health insurance. Another feature shown by the data is the movement away from home-ownership and associated costs. Families are more likely to rent than in 2007, so mortgage spending is down and rent spending is up. Some of the other categories where spending fell – ...