Health Care Costs
New York’s per capita spending on health care is 37% higher than the national average. The cost of health insurance is the direct result of the underlying cost of care and escalating medical costs directly drive health care premiums.
Health Care Spending Hits $4.9 Trillion: New Yorkers Bear The Cost
U.S. health care spending surged by 7.5% in 2023– the largest annual increase in over a decade.
Per capita spending in New York was the highest in the country and 37% higher than the national average.
Understanding Health Care Premiums
Health care premiums and medical costs are inextricably linked and the cost of health insurance is the direct result of the underlying cost of care. Take a look at the key factors contributing to health insurance premium increases.
