07 November 2013

How are Rising Health Costs Impacting Family Budgets?

How are Rising Health Costs Impacting Family Budgets?

Nationwide, rising health prices are straining family budgets, driving families to spend less on other areas or forgo required medical care. In 2010, approximately 15% of Americans stated that they did not see a doctor due to cost.[i]

In 2012, 55% of Americans received healthcare through employer-sponsored health insurance.[ii] The Milliman Medical Index (MMI), which tracks the annual cost of healthcare for a typical family of four, was $22,030 in 2013.[iii] This 117% increase is more than twice the $10,168 cost for a typical family of four’s healthcare in 2003, just a decade ago. [iv]

Read more at California Common Sense

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