The report, “Hidden Costs of Health Care: Why Americans Are Paying More But Getting Less,” says that the average premium of a family healthcare plan purchased through an employer was $12,680.
Other out-of-pocket expenses are also on the rise, according to the report. Deductibles for a family PPO plan increased by 30 percent in two years, rising from $1,034 to $1,344; smaller firms reported a 64 percent increase from $1,439 to $2,367.
According to the report, around one in three people have a co-pay of more than $25, up from one in five in 2004. Additionally, a person with employer-based coverage paid an average of $1,522 on healthcare (not including premiums) in 2006, compared with $1,260 in 2001. When including higher premiums, out-of-pocket costs rose 30 percent increase, from an average of $2,827 in 2001 to $3,744 in 2006.
Read the HHS’ “Hidden Costs of Health Care” report.
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.
