Healthcare is a source of financial stress and strain for many U.S. consumers. A Centers for Disease Control and Prevention report indicates that more than one out of four families recently experienced a financial burden due to medical care costs.
Between 1998 and 2008, the average cost of healthcare rose from $2,800 per person to $7,500 per person (according to Forbes), and by 2012, consumers were spending $8,233 per year on healthcare costs. In the U.S., consumers as a whole spend more than any other country on healthcare, according to Organization for Economic Co-operation and Development reports. The cost of a doctor’s appointment ranges from $60 to $250 before the costs of any diagnostic tests, lab work, or prescription medications. Today, with the birth of the Affordable Care Act, the requirement to have health insurance and the penalty you face for declining coverage is yet an additional cost.
How much do you pay each year for health care? If you live in a city like Aspen, Colorado, where insurance premiums are higher, your cost may be extremely steep. If you live in an area such as McAllen, Texas, or Miami, you may have high costs for doctor’s visits, hospital visits, and healthcare in general.
What can you do to lower your costs? Well, you could move to a cheaper market, but that’s not necessarily the most practical solution. The best way to reduce your costs is to remain proactive. Shop around, compare your spending to others’, and do a little research to find the best healthcare professionals and insurance companies with the best pricing. However, considering your location plays such as large role in how much your healthcare costs, let’s take a look at some of the more inexpensive markets. These cities were chosen based on a publication by Livability entitled the “Top 10 Cities for Affordable Health Care.”