In 2017 the Huffington Post (click here) produced research in graphs regarding health care spending where the USA is compared to other major western countries.
Considering the focus of the leading Democratic candidates and their insight regarding subsidized care and/or free care the chart below was interesting to me. The subsidized care of the USA reach the levels of countries that provide free care to all their citizens. Considering all the out of pocket expenses of Americans between 5 to 10 percent or more, a sincere study to the actual cost of "Medicare for All" where there are no out of pocket costs needs to be conducted. Ten percent of a USA's household income is an astounding number. Americans have a decision to make for the future of American health care.
August 18, 2019
By Adrian Belmonte
As Americans continue grappling with rising health care costs, (click here) research indicates that a sizable group of people with employer health care are still spending a ton on their medical bills.
According to the Commonwealth Fund (TCF), “employer plan premium contributions and out-of-pocket costs, like those for prescription drugs, are eating up an increasing portion of household budgets.”
An estimated 23.6 million Americans with employer coverage had high premium contributions, high out-of-pocket costs, or both, according to the report....
...High premium contributions were defined as such by TCF “if the total annual amount they pay for their employer plan premiums equals 10% of more of annual household income.” Americans were considered to be paying high out-of-pocket costs if “the total annual amount they pay out of pocket for medical expenditures not covered by their employer plan … is 10% or more of annual household income, or 5% or more for families earning less than 200% of the federal poverty level.”...
