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June 01, 2009 at 08:00 PM
The “hidden health tax” on family health coverage grew to $1,017 in 2008, according to a report by Families USA.
Families USA, Washington, D.C., combined with the actuarial firm Milliman, Inc. to conduct and analyze a study of uninsured health care costs.
This tax is an undisclosed insurance premium paid by American businesses and insured families upon purchasing health insurance. It represents the amount they subsidize of uncompensated costs for healthcare of the uninsured.
The uninsured pay for 37% of their healthcare with their own money. Charities, government programs, and other sources pay 27%, while the rest, $42.7 billion in 2008, is considered uncompensated and shifted onto healthcare bills of the insured, says Families USA.
