Forbes ranks Georgia as one of the top 10 states with the most costly healthcare systems. According to the Bureau of Labor Statistics, medical expenses have been rising nationally and steady since January. Forbes investigated KFF Health News and CDC data to determine states with the highest healthcare costs.
Forbes ranks Georgia sixth in healthcare expenses, indicating citizens’ financial hardship on premiums and deductibles. Multiple sources confirm that controlling healthcare costs is difficult.
The U.S. Agency for Healthcare Research and Quality’s Medical Expenditure Panel Survey found that single Georgians’ employer-provided health insurance premiums averaged $7,125 from 2020 to 2022. A $2,107 deductible and $1,637 annual health insurance premiums were paid by workers.
However, 2022 AHRQ data suggests otherwise. Georgia businesses paid $5,653 and workers $1,714 for health insurance, totaling $7,367 yearly. In 2022, the average statewide single deductible was $2,269.
The 2022 national average single premium was $1,637, with a $1,992 deductible.
These figures show how much healthcare costs Georgia families, making it hard for many to get needed treatment. The gap between Georgia’s healthcare prices and national averages highlights the need for cheap and accessible healthcare policy.
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Policymakers and stakeholders must concentrate on ideas that reduce Georgians’ financial burden while guaranteeing fair access to excellent healthcare as healthcare reform negotiations continue. Addressing growing healthcare expenditures is crucial to improving state residents’ well-being and financial stability.