Colorado Tops List of “Out-of-Pocket” Health Care Spending

The JPMorgan Chase Institute has analyzed healthcare spending trends between 2013 and 2016 in the 23 states where Chase has a retail presence.  The research has ranked out-of-pocket healthcare spending by family per state for each of these years.   Each year they found a wide variation in out-of-pocket spending across the surveyed states.

Colorado had the highest “out-of-pocket” spending in 2016.  It averaged $916 per family for the year, followed closely by Utah with $906 per family in 2016.  Connecticut, Texas and Oklahoma rounded off the top five ranking. The counties of Douglas and Boulder reported the highest out-of-pocket at $1,200 per family.

The two lowest average annual out-of-pocket spending states were California at $596 and Michigan at $601.

Read the report at JP Morgan Chase Institute.

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HCCA, publishers of the Colorado Managed Care Newsletter, began reporting on the financing of healthcare in Colorado in December of 1983. As we begin our 34th year, we are grateful for the opportunity to be one of your sources of information in this ever-changing, healthcare market.