The burden of skyrocketing healthcare costs is hitting State and Local Governments hard

It's no secret that healthcare costs in the U.S. have skyrocketed in recent years, and unfortunately this is one troubling trend that's likely to continue for a while. However, if something isn't done, Moody's expects healthcare costs to send some serious ripple effects across the nation's economy.

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Although the firm didn't specifically advocate for public healthcare, its study reveals some eye-opening data which illustrates the key differences between healthcare in the U.S. and healthcare in its peer countries. In short, the U.S. spends a lot more on healthcare without any material benefit, and there's one key difference that could be to blame for much of that higher spending.

The burden of skyrocketing...

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