Tuesday, October 16, 2018

Who determines that healthcare is too high?

According to the Bureau of Labor Statistics, the average American family earned $74,664 (before taxes) and spent $57,311 across various expense categories in 2016.  [not sure what is “family”—probably means household—doesn’t give number of people] 

1. Taxes 2. housing 3. transportation 4. food 5. pensions and insurance 6. Entertainment and contributions 7.  health care

Taxes are the biggest chunk. $18,900 each year, and then housing, $18,886. “Following housing costs, transportation ($9,049), food ($7,203), and pensions and personal insurance ($6,831) topped the list for the biggest ticketed items on most Americans' budgets. For the majority of people who prefer not to cook, the cost of dining out could add up big. The occasional luxury experience may not seem like a big drain on the average budget, but entertainment, cash contributions, and apparel and services accounted for nearly $7,000 (over 10 percent) of most Americans' annual expenses.”  Health care was $4,612. That said, health care increased almost 67% between 2006 and 2016, 8 years of which Obama was taking over our health insurance choices.


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