The report analyzed data on 4.7 million Chase customers in 23 states between January 2013 and December 2017. Researchers found the average annual out-of-pocket healthcare spending climbed 8.5 percent in 2017 compared to the year prior.
Here is how average annual out-of-pocket spending stacked up among the 23 states featured in the report, listed from highest to lowest:
Utah: $863.70
Colorado: $797.30
Connecticut: $782.20
Texas: $730.10
New Jersey: $702
Idaho: $701.70
Wisconsin: $691.70
Illinois: $674.30
Oklahoma: $667.80
Arizona: $659.10
Washington: $652.10
Indiana: $608.50
Louisiana: $605.40
Florida: $590.20
California: $582.30
Nevada: $574.30
Oregon: $573.70
New York: $558.10
Georgia: $557.10
Ohio: $550.60
Michigan: $540.10
Kentucky: $540.10
West Virginia: $495
More articles on healthcare finance:
Ascension, Adventist Health System JV slashes outpatient sites by 50%
Louisiana hospital files for bankruptcy, blames ex-administrator for financial crisis
Qatar donates $2.5M to reopen Texas hospital that closed in 2015
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.