Americans with employer-provided insurance still spend a lot on health care
A new report from the Commonwealth Fund finds that nearly 24 million Americans with employer-provided health insurance are still spending a large share of their income on health care costs. Here’s more from the report:
- Premium contributions: Median annual contributions for employer-provided health insurance ranged from around $500 in Hawaii to more than $3,400 in South Dakota.
- Out-of-pocket spending: The midpoint of yearly out-of-pocket health care spending ranged from around $400 in Hawaii to $1,500 in Nebraska.
- Spending compared to income: Some 13 million people across the U.S. spent 10% or more of their household income on premiums, a trend that was common in the South. More than 6 million people spent that share or more of their household income on out-of-pocket costs. An additional 4 million people reported high spending in both categories.
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