K-12 Tax & $pending climate: Americans spend more on health care than any other nation.
While 55% of Americans are “cost secure,” meaning they can afford care and medicine, that’s a decline from 61% who fell into that category in 2022, the study found.
Americans spend an average of $12,555 per person annually on health care, according to the Peterson-KFF Health Care Tracker. By comparison, typical health care spending across other developed nations is about $6,651, their analysis found.
“What we found as we string together the trend of data points is really quite concerning,” Lash said. “It’s that health care affordability has been getting worse — it shines a light on the number of families that can’t afford things like prescription drugs.”
Rising insurance costs
The average family insurance deductible in the U.S. stood at about $3,800 in 2022, up from $2,500 in 2013, according to KFF. The IRS considers insurance for families with deductibles of $3,200 or more to be high deductible plans.
