Health care spending rose faster than the inflation rate in the United States in 2016, according to a report released on Tuesday by the federal government’s Bureau of Labor Statistics.
The BLS, a division of the Bureau of Economic Analysis, said that medical costs increased 2.1 percent from a year earlier in the first quarter of 2017.
That was more than double the 1.3 percent annual rate from the first three months of 2017 through the first nine months of 2018.
The report does not break out inflation-adjusted medical costs.
But the BLS said that in the last year, the average cost of health care has increased about 3.4 percent, or about $3,700.
That’s about a 5 percent increase for families with incomes between 100 and 200 percent of the federal poverty level, or $30,600 to $80,000.
That same rate applies to people in families earning between 150 percent and 200% of the poverty level.
But many of those families are paying less than their parents and grandparents.
Some families pay less than $1,000 a month for health insurance, and many others pay more than $10,000 per year.
A growing share of American families are using their health care as a source of income, even as they are paying more in out-of-pocket expenses.
In a typical family of four, the typical deductible for a typical plan rose from $1.2 million to $3.4 million last year.
In the next year, that amount will climb to $5.9 million, according the report.
That means that if all the medical bills for all the people in the family were paid, they would have $4.4 trillion in health care expenses.
But those figures do not include deductibles or copayments that many people do not even realize they are making.