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Study: Americans spending 10 percent of income on health insurance

Health care costs continue to climb faster than wages, which is why they continue to eat up a bigger portion of family budgets.

By Jack Craver | Updated on October 27, 2016
Health care costs continue to climb faster than wages, which is why they continue to eat up a bigger portion of family budgets. (Photo: iStock)

A new study shows the dramatic impact of rising cost of health care on national family budgets.

The study by the Commonwealth Fund found that the average American family spends 10.1 percent of its income just on health insurance premiums and deductibles, up from 6.5 percent a decade ago.

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Jack Craver

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