Navigation Links
Rising Health Care Costs Hitting Family Pocketbooks
Date:9/8/2011

THURSDAY, Sept. 8 (HealthDay News) -- Health care costs have risen faster than the cost of other goods and services in the United States over the past decade, leaving many Americans financially worse off, according to a new RAND Corp. study released Thursday.

Although the median-income American family saw a 30 percent jump in income from 1999 to 2009, health spending grew much more quickly and largely wiped out these gains, the researchers reported.

Translated into dollars, the findings mean that a typical family of four had a monthly income growth of $1,910 over the decade but had to spend 40 percent of that on health care costs, the researchers said. And that same family now has only $95 a month in extra income once health care costs, taxes and higher consumer goods prices are calculated.

"Accelerating health care costs are a primary reason that so many American families feel like they are just treading water financially," the study's lead author, David Auerbach, an economist at RAND, said in a news release from the nonprofit research organization. "Unless we reverse the trend, Americans increasingly will notice that health costs compromise their other spending options."

Between 1999 and 2009, total spending on health care in the United States nearly doubled to $2.5 trillion and individual health care spending surged from $4,600 annually to slightly more than $8,000 a year, according to the report.

In addition, monthly health insurance premiums grew by 128 percent, to an average of $1,115, and out-of-pocket spending surged 78 percent.

But although many health care costs are obvious to Americans, like premiums, co-pays and deductibles, additional costs that impact a family wallet include:

  • Employers' share of the monthly premium for private health insurance, which reduces an employee's total compensation.
  • Taxes supporting government health programs such as Medicare, Medicaid and the military health care system.

"The complex way that the United States pays for health care often obscures the consequences of health care cost growth for most American families," said the study's co-author Dr. Arthur L. Kellermann, director of RAND Health, in the news release. "This makes the challenge of controlling health care costs that much harder."

The study findings were published in the September edition of the journal Health Affairs.

More information

The U.S National Library of Medicine has more about health care costs.

-- Mary Elizabeth Dallas

SOURCE: RAND Corp., news release, Sept. 8, 2011


'/>"/>
Copyright©2010 ScoutNews,LLC.
All rights reserved  

Related medicine news :

1. Rising health costs eroding Americans income gains, study finds
2. Strokes Rising Among Teens, Young Adults: CDC
3. Unintended Pregnancies Rising Among Poorer U.S. Women: Study
4. Number of U.S. Kids With Public Health Insurance Rising
5. Experts Concerned About Rising HIV Rates Among Poor, Minorities
6. Disabilities From 9/11 Behind Rising Retirements for NYC Firefighters
7. U.S. to Pay Bigger Share of Rising Cost of Health Care
8. Americans Show Rising Support for Abortion Rights: Poll
9. Neuroscientists find famous optical illusion surprisingly potent
10. Surprising drop in physicians willingness to accept patients with insurance
11. Diabetic Kidney Disease Rising in the U.S.
Post Your Comments:
*Name:
*Comment:
*Email:
Related Image:
Rising Health Care Costs Hitting Family Pocketbooks
(Date:10/12/2017)... ... October 12, 2017 , ... Planet Fitness, one of the ... today its plans to open a flagship location in Covington, LA at 401 N. ... To Go store next to Office Depot in the Holiday Square shopping center. Its ...
(Date:10/12/2017)... , ... October 12, 2017 , ... IsoComforter, Inc. ( ... announced today the introduction of an innovative new design of the shoulder pad. ... you get maximum comfort while controlling your pain while using cold therapy. By utilizing ...
(Date:10/12/2017)... ... ... Asante, a nationally recognized health system in southern Oregon, ... health joint venture through an agreement, effective October 1, 2017, to create AccentCare ... company with Asante, delivering clinically integrated care, for the past eight years. This ...
(Date:10/12/2017)... , ... October 12, 2017 , ... ... Hair Restoration, has recently contributed a medical article to the newly revamped ... Dr. Mohebi’s article spotlights the hair transplant procedure known as Follicular Unit ...
(Date:10/12/2017)... ... , ... Leading pediatric oncology experts at Children’s National Health System ... of the International Society of Paediatric Oncology (SIOP) Oct. 12-15. Chaired by ... Blood Disorders at Children’s National, and Stephen P. Hunger, M.D., Chief of the ...
Breaking Medicine News(10 mins):
(Date:9/18/2017)... , Sept. 18, 2017 EpiVax, ... of bioinformatics and immune engineering, today announced ... influenza A (H7N9) vaccine. ... to seasonal influenza and presents a challenge ... prior exposure to be effective. Using state-of-the-art ...
(Date:9/12/2017)... 12, 2017   EcoVadis , the leading platform for environmental, social ... annual edition of its Global CSR Risk and Performance Index. The report ... based on Scorecard Ratings that analyzed nearly 800,000 data points across the ... ... ...
(Date:9/12/2017)... 12, 2017  ValGenesis Inc., the global leader ... pleased to announce the appointment of Dr. ... Board of Directors and Chairman of Advisory Board ... science companies to manage their entire validation lifecycle ... in this process. Furthermore, ValGenesis VLMS enables rigorous ...
Breaking Medicine Technology: