Direct Spending on Healthcare
A family of four with at least one member in worse health and a $100,000 income on individual market or exchange coverage spends $28,000 per year (28% of their income) on health. This includes $12,750 (13% of their income) in out-of-pocket health spending, $10,350 (10% of their income) in health insurance premiums, and approximately $4,900 (5% of their income) in state and federal taxes that fund health programs.
Additional Contributions by Employers
In this scenario, we estimate that the employer is contributing an additional $1,450 in Medicare payroll taxes, not shown in the chart above.