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How much did you spend on healthcare this year? Our family insurance premium is $1,439/month, plus a $7,120 bill I just received for having my appendix out in March. So, that& #39;s at least $24,388 for our quite healthy family.
Even with "soaring" costs, the average Canadian family spends $12,935 a year on healthcare through their taxes. https://globalnews.ca/news/4364344/cost-health-care-canadian-families/">https://globalnews.ca/news/4364...
Which reminds me that I& #39;m also paying for healthcare from my American taxes too. According to this, 23.7% of my taxes goes to healthcare: https://www.daveramsey.com/blog/where-does-your-tax-money-go">https://www.daveramsey.com/blog/wher...
My taxes are wildly complicated because I run a small business, but I paid at least $50,000 in federal last year. So that& #39;s another $11,850 a year I& #39;m spending on healthcare.
So, that brings me to conservatively $36,238 spent on healthcare this year for our family. Over $3,000 a month. 180% more a year compared to someone in Canada.
Did I do that math right? Even if your employer pays your healthcare, it& #39;s worth it to quickly do this math yourself. Healthcare costs are rising twice as fast as wages in the last decade, so this is coming out of your pocket either way: https://www.ajmc.com/newsroom/healthcare-costs-increased-twice-as-fast--over-last-decade">https://www.ajmc.com/newsroom/...
I should add, the appendectomy technically cost $61,451. The $7,000 bill is just my share of it.
This article is a little old, but helps show that Americans pay way more for appendectomies: https://amp.businessinsider.com/why-an-appendectomy-costs-2800-in-the-us-and-3000-in-germany-2012-3">https://amp.businessinsider.com/why-an-ap...
