Got Health Insurance? You’re Paying More Than $1,000/Year in a Hidden Tax
If you and your family have health insurance, you’re paying more than $1,000 a year in a “hidden tax” that’s part of your premium costs.
A new study by the health care advocacy group Families USA finds this $1,017 “undisclosed surcharge” is the cost of caring for the nation’s more than 46 million—and growing—uninsured.
Private health insurance premiums are higher, at least in part, because uninsured people who receive health care often cannot afford to pay the full amount themselves. The costs of this uncompensated care are shifted to those who have insurance, ultimately resulting in higher insurance premiums for businesses and families.
