One chart reveals why Americans are so fed up with healthcare in the US

  • Americans are on the hook for more healthcare costs than they have been in the past.
  • The average deductible for an individual is now $1,655 a year. That’s roughly double the $826 workers on average were on the hook for paying before their insurance kicked in about a decade ago.
  • Overall, healthcare costs are growing at a faster rate than wages or inflation, according to a new report from the Kaiser Family Foundation.
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It’s not just you: The amount of money Americans have to pay out of pocket for healthcare expenses before their insurance kicks in is now double what it was a decade ago.

The average deductible for an individual is $1,655 a year, roughly double the $826 workers on average were on the hook for paying about a decade ago, according to the Kaiser Family Foundation’s annual Employer Health Benefits Survey released Wednesday.

A greater number of employees have deductibles compared to a decade ago, too. A little more than four of every five covered workers have a deductible, more than the 63% of workers who had deductibles a decade ago.

For a family insurance plan, employers and workers pay a total of $20,576 a year in insurance premiums. Of that, workers are annually contributing $6,015, an amount that’s also on the rise.

The increase in medical expenses is coming at a faster pace than both wage growth and inflation. In the past year, annual family premiums rose by 5% while wages rose 3.4% and inflation rose 2%.

While wages and inflation have cumulatively increased 26% and 20%, premiums are cumulatively up 54% over the past decade, while deductibles have skyrocketed 162%.

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Kaiser Family Foundation