A study has revealed that the average American spends over $1,000 per year on health care, but it’s not just for the sick and the elderly.
According to a report by The Economist, an average American spend on health insurance, which includes premiums and deductibles, for the first time topped $1 trillion in 2018.
The average cost for a full year of health insurance in the U.S. is $1.1 trillion, but that’s expected to rise to $1.,450 per year by 2025.
The report estimates that the U to spend $1tn on health in 2025, but the true figure could be higher because people who don’t have insurance will be less likely to be covered, the Economist wrote.
The study is part of a larger trend, which shows that people are spending a lot more for health care than previously thought, and that’s a good thing.