Last year, the US spent $3.2 trillion on health care. The US has roughly 323.1 million residents. That means we spent about $9904.05 per person last year. In 2016, the median household income was $59,039. There are an estimated 2.58 people per household in the US. So, that means that each household spent roughly $25,552.45 on medical expenses last year. So, that means that 43.28% of the median household income was spent on health care. That is an extreme amount. Any one who denies that isn’t paying attention. But we need to take something into account: that $9904.05 per person was not spent entirely out of pocket. Not even close. That is mostly covered by insurance companies and state and federal governments paying for the coverage. In actuality, households only account for 27.7% of spending when it came to health care in 2015. So, if that percentage stayed the same for 2016, we are looking at roughly $7,078.03 per household, or $2,743.42 per person. That means that each household on...
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