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Analysis

Americans under 65 average $2,582 in yearly health subsidies

People with employment-based coverage get tax breaks with a value of $1,721 per year.

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Uncle Sam The government could also get about $21 billion in health coverage program penalty payments this year, which would reduce the average net spending on subsidies. (Image: Thinkstock)

The U.S. federal government now spends about $705 billion on health coverage subsidies and tax breaks per year for the 273 million people who are under 65, according to the Congressional Budget Office.

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Allison Bell

Allison Bell

Allison Bell, ThinkAdvisor's insurance editor, previously was LifeHealthPro's health insurance editor. She has a bachelor's degree in economics from Washington University in St. Louis and a master's degree in journalism from the Medill School of Journalism at Northwestern University. She can be reached at [email protected] or on Twitter at @Think_Allison.

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