Cost
Expenditures by Health Condition
Table 8. Mean expenditures by health condition and self-reported health status for adults insured throughout 2006.
Condition/Health Status | Ages 25-34 | Ages 55-64 |
---|---|---|
Mean | Mean | |
All persons | 3,412 | 6,251* |
Asthma | 7,151 | 10,310* |
Cancer | 11,463 | 12,357 |
Chronic obstructive pulmonary disease | 5,100 | 9,916* |
Depression | 7,156 | 11,656* |
Diabetes | 8,136 | 11,114* |
Heart disease | 9,421 | 12,066* |
Hypertension | 6,825 | 8,189* |
Any chronic condition | 4,951 | 7,377* |
Trauma | 4,958 | 8,418* |
No chronic condition | 1,391 | 1,692 |
Self-reported health: excellent/very good/good | 2,695 | 4,850* |
Self-reported health: fair/poor | 10,515 | 13,665* |
Source: 2006 Medical Expenditure Panel Survey—Household Component
* indicates that the estimates for ages 25-54 and 55-64 are statistically different at the 5% level. Expenditures are reported for individuals with a condition. Individuals with more than one condition are included in the means for each condition.
- Overall, near-elderly adults had much higher mean medical expenditures than younger adults (Table 8).
- Mean expenditures for individuals with particular chronic conditions, except cancer, were higher for near-elderly individuals than for younger individuals.
Non-Group Premiums
Table 9. Premiums in the non-group health insurance market (in 2006 dollars) using pooled data from 2004-2006
Policies | # Policies | Standard Error | Mean Premium | Standard Error |
---|---|---|---|---|
All policies | 5,824,599 | 286,413 | 3,770 | 137 |
Single policies | 4,011,844 | 219,725 | 2,909 | 128 |
Family policies | 1,812,754 | 142,355 | 5,675 | 280 |
Single policies: Age 0-39 | 1,761,440 | 165,407 | 1,714 | 98 |
Single policies: Age 40-54 | 1,153,929 | 98,786 | 3,570* | 262 |
Single policies: Age 55-59 | 569,420 | 64,040 | 3,911* | 349 |
Single policies: Age 60-64 | 527,055 | 64,268 | 4,374* | 358 |
Family policies: Age 0-44 | 818,187 | 91,577 | 4,275 | 265 |
Family policies: Age 45-54 | 589,353 | 70,522 | 6,088* | 318 |
Family policies: Age 55-64 | 405,215 | 57,711 | 7,901* | 860 |
Source: 2006 Medical Expenditure Panel Survey—Household Component
* indicates that the estimate is significantly different from that for the lowest age category.
- In the 2004-2006 period, there were on average 5.8 million policies per year purchased in the non-group (individual) insurance market, covering 9.1 million persons.
- There were 4.0 million single policies with a mean premium of $2,909 (Table 9).
- There were 1.8 million family policies covering 5.1 million individuals with a mean premium of $5,675.
- For single policies, policyholders aged 40-54 ($3,570), policyholders aged 55-59 ($3,911), and policyholders aged 60-64 ($4,374) had premiums that were significantly higher than policyholders aged 0-39 ($1,714). The differences in mean premiums for policyholders aged 40-54 and 55-59 and for policyholders aged 55-59 and 60-64 were not statistically significant.
- For family policies, policyholders aged 45-54 ($6,088), and policyholders aged 55-64 ($7,901) had premiums that were significantly higher than policyholders aged 0-44 ($4,275).
Financial Burdens
Go to Appendix Table A1 for more detailed information on this chart. Financial burden refers to people who have out-of-pocket costs for medical care and premiums that exceed 10% of the family's after-tax income.
- Near-elderly individuals were consistently at greater risk of living with high financial burdens than adults ages 25-44, regardless of their insurance status (Figure 5).
- Near-elderly individuals and those ages 45-54 with private nongroup coverage had similarly high burdens.