The cost of healthcare in the US is staggeringly high and continues to rise. The average American spent over $11,000 in 2020 on healthcare, a figure that has increased by an average of 5.5% each year since 2000. A major portion of these costs come from hospital care, which accounts for 32% of all healthcare spending in the US. Healthcare insurance also plays a major role, with premiums and out-of-pocket expenses making up 28% and 20% of total healthcare spending, respectively. Doctor visits and prescription drugs are also significant contributors, making up 15% and 8%, respectively. With healthcare costs rising, it is becoming increasingly important for Americans to understand the breakdown of the costs they are paying.
Posts by tag: us
April 5, 2023
What is the cost breakdown of healthcare in the US?
March 15, 2023
How to access affordable health insurance plans in the US?
Accessing affordable health insurance plans in the US can be a daunting process. With a variety of options available, it's important to understand the different types of plans to find the best coverage for your needs. Fortunately, there are several ways to access a comprehensive health insurance plan at an affordable price. From comparing plans online to talking to a financial advisor, you can find the perfect plan for you. With the right coverage, you can rest assured that you and your family will be protected in case of unexpected medical expenses.