Mapped: How much Minnesotans spend on health care
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Health insurance costs ate up almost 9% of the median family income in Minnesota in 2024, according to a new analysis.
Why it matters: The findings show how tough it can be to afford health care, even with insurance.
Zoom in: The state-by-state breakdown of federal data by the Commonwealth Fund looked at how much people spent on premiums and deductibles before insurance starts to pay for medical services.
By the numbers: While employers still pay about 70% of the cost of premiums for family coverage, workers on average paid more than $7,200 annually — close to 10% of the median income — the analysis found.
What we're watching: : Health benefit costs are projected to increase in the high single digits this year, with many employers planning to limit premium increases by raising out-of-pocket costs for their workers.
- They're expected to keep rising due to hospital consolidation, higher prices for medical services and supplies, GLP-1 drugs and more demand for behavioral health care, researchers said.
Go Deeper: Where health care costs break the bank