Health Payer Intelligence June 28, 2022
Health insurance premiums take up 10.69 percent of the average American’s annual salary, the highest living expense after rent and childcare.
Health insurance premiums absorb a high share of the average American’s annual income and must compete with other essential expenses to be a priority in consumers’ minds, a study from NiceRx found.
The researchers leveraged data from Value Penguin, the Bureau of Economic Analysis, Patriot Software, and World Population Review in order to juxtapose consumers’ costs with their health insurance premiums.
“As health insurance is so important for safeguarding your wellbeing, as well as being such a large monthly expense for many people, we wanted to find out just how affordable it really is,” the researchers explained.
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