Dont be mislead or frightened about your health care costs. Your annual risk of incurring large healthcare costs is quite small and your risk of catastrophic out-of-pocket costs even smaller.
In a given year, a small portion of the population is responsible for a very large percentage of total health spending. We tend to focus on averages when discussing health spending, but individuals’ health status – and thus their need to access and utilize health services – varies from year to year and over the course of their lifetimes.
In fact, very few people have spending around the average. This collection of charts explores trends in the variation in health spending across the population through an analysis of the 2016 Medical Expenditure Panel Survey (MEPS) data.