US out-of-pocket healthcare spending projected to reach $608B by 2019

Out-of-pocket healthcare costs reached $416 billion in 2014, and that number is expected to grow to $608 billion by 2019, according to a recent report from Kalorama Information, a division of MarketResearch.com.

Here are three findings from the report.

1. With the growing popularity of high-deductible health plans, direct healthcare expenditures are expected to increase 9.5 percent per year through 2019.  

2. The amount Americans spend on co-payments is projected to grow 9.5 percent annually through 2019. That growth is attributable to health insurers raising co-payment amounts and co-payments being charged for more services.

3. Health insurance premiums are projected to increase by 7.1 percent per year through 2019.

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