How much do americans spend on healthcare?
If you have healthcare, you, your employer, your union, or a combination pay a premium* to your insurance company. How have healthcare premiums changed compared to wage earnings?
Since 2001, annual employer contributions increased from $5,269 to $10,944, and worker contributions from $1,787 to $4,129.
*Premiums are fees that pay for coverage of medical benefits for a defined benefit period.
The United States spends an estimated
$2T annually on healthcare expenses
(17% of our annual GDP), which is more than any industrialized country.
public and private, 2009