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Chart of the Day: 6% Annual Health Cost Increases

Crews Bank & Trust Wealth Management Services Oct 11, 2023
chart shows rapid increase in healthcare costs from 2006 to 2022

Contents

Today’s Chart of the Day comes from Charlie Bilello, @charliebilello on X, and shows the average annual premiums for employer family health coverage. In 2000 it was $6,000. In 2022 it was $22,000. That's a 250% increase, which is just under 6% annually and is why, when doing financial planning, we use a higher inflation figure for healthcare costs.
Chart of the Day

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Crews Bank & Trust Wealth Management Services
Crews Bank & Trust Wealth Management Services

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