Rising Healthcare Costs: Majority of Americans wiht Employer Coverage Face $100+ in Out-of-Pocket Expenses
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Published: October 26, 2023
Washington D.C.- A new analysis reveals a notable and ongoing increase in out-of-pocket healthcare costs for Americans with employer-sponsored health insurance. Over the past decade, cost-sharing – the portion of medical expenses individuals pay directly – has outpaced both wage growth and general inflation. While the rate of increase has recently moderated to align more closely with inflation, the financial burden on families remains substantial.
As 2003, average out-of-pocket healthcare costs have risen by 37%. Data from 2023 indicates that a majority – 66% - of individuals with employer coverage spent more than $100 on cost-sharing expenses. These expenses include deductibles, copayments, and coinsurance.
Detailed Cost-Sharing Trends
A comprehensive chart collection from the Peterson-KFF Health System Tracker provides a detailed examination of these trends. The analysis covers the period from 2012 to 2023, utilizing data from the Merative™ MarketScan® Commercial Database, a large sample of health benefit claims for individuals under the age of 65.
Further Resources
For a more in-depth understanding of health costs and the performance of the U.S. health system, visit the Peterson-KFF Health System Tracker.This online hub offers a wealth of data and analysis on a wide range of healthcare topics.
