EFTA Document EFTA01385394

3 January 2018 HY Corporate Credit HY Multi Sector.Media. Cable & Satellite Core Issue - Healthcare (:osts Are Growing Faster Then Income We believe one of the core issues over recent years related to increases in bad debt, volume and mix pressure, etc. lies in our view that the cost of healthcare in the U.S. has been generally growing at a faster rate than income growth. We believe there are many reasons that can help explain why this dynamic exists, but at the end of the day it's our v