Do you spend a lot for health care? Sure.
But if you live in Illinois, you get more for your money than in most parts of the country, a new study says.
Illinois ranks 6th overall for its health-related return on investment as calculated by the financial information website WalletHub. The health-related ROI is based on average health insurance premiums, death rates and the America’s Health Rankings.
WalletHub says the average health insurance premium in 2013 for an individual was $5,884 and families paid $16,351.
To put that in perspective, single coverage has increased by 74 percent and family coverage by 80 percent since 2003. It’s no surprise that millions of Americans consider forgoing medical attention a better option than draining their savings.
Wisconsin ranked 29th overall and Indiana placed 43rd out of 47 states. The study excluded Maine, Rhode Island and Vermont because of incomplete data.
Which states placed ahead of Illinois? Minnesota, Utah, and Kansas. Hawaii and Iowa tied for fourth.
