Healthcare costs for average family of four surpass $30K, study says

Investment Analysis Clubs Macro Economic Trends and Risks
1

Median US Household Income is $71,000/yr. You can’t afford a home and healthcare on that.

https://www.beckershospitalreview.com/capital/healthcare-costs-for-average-family-of-four-surpass-30k-study-says.html?origin=BHRE&utm_source=BHRE&utm_medium=email&utm_content=newsletter&oly_enc_id=4280E0269756D2I

intercst

3 Likes
2

Can you use the median income and compare it to the average health care cost?

Mike

1 Like
3

In 2021, the average US household income was $88,000 vs. the median of $62,000

Of course, older people as a group have higher health care spending. And the sickest 5% of any age group tend to account for about half of healthcare spending.

Any way you slice it, the US spends a lot more than any other wealthy country for poorer results. The only metric we have a solid lead in is excessive Executive Compensation in the health insurance industry.

intercst

5 Likes