New research from the JPMorgan Chase Institute shows that US households’ out-of-pocket healthcare spending has accelerated for three consecutive years, growing across every state and demographic group in the study. For the first time in three years, an uptick was seen in healthcare spending burden as a percent of take-home income. The report—titled On the Rise: Out-of-Pocket Healthcare Spending in 2017—also shows that healthcare spending in California grew by double digits.
The researchers who developed the report leveraged financial transaction data to get a unique view of families’ healthcare out-of-pocket spending and financial burden.
Here are a few more of the key findings:
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