
How much do families spend on out-of-pocket health care costs?
As the average family brings in more income, they also tend to spend more on out-of-pocket health care costs, according to JP Morgan Chase Institute’s report, “Paying Out-of-Pocket- The Healthcare Spending of 2 Million US Families.” The institute analyzed the health care-related expenditures of 2.3 million Chase Bank customers, aged 18 to 64, between 2013 and 2016. The analysis included payments made using either a Chase credit or debit card, or electronic bill pay, and exclu