A new study has determined that Vermont ranks 12th in money spent on health care annually in the U.S.
Vermont residents with private health insurance spend an average of $6,103 per year on health care, compared to the national average of $5,641, according to an analysis of data from the Health Care Cost Institute, a nonprofit that publishes in-depth data from private insurance providers. Hawaii residents spend the least — $3,626 per person on average; Alaskans spend the most — $7,469.
The study looked at the cost of hospital visits, different categories of care and specific procedures in each state. The spending estimates do not include what consumers spend on insurance premiums and other out-of-pocket costs.
Other key findings include:
- Health care spending in the U.S. has increased by 17% since 2013
- Americans spend $3.5 trillion annually on health care which accounts for 18% of GDP.
- Spending on prescription drugs nationally has increased 29% since 2013.
The rising cost of health care promises to be a major issue in the 2020 presidential election. Positions on the campaign trail range from repealing the Affordable Care Act on the Republican side to a Medicare-for-all model that is supported by Vermont Sen. Bernie Sanders.