JPMorgan Chase September, 2017
Healthcare costs are rising for families. In 2015, the US spent 18 percent of Gross Domestic Product (GDP) on healthcare, up from 13 percent in 2000. For every dollar spent on healthcare, families paid 11 cents out-of-pocket and 28 cents after including insurance costs. While the Centers for Medicare and Medicaid Services projects health spending to continue to grow faster than GDP through 2025, the future of family-paid healthcare costs also rests with policy choices currently being debated. Out-of-pocket costs are a key piece of that picture.
The JPMorgan Chase Institute set out to better understand out-of-pocket healthcare spending among US...
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