Regional Variation in Health Insurance Premia, Wages, & Health Costs

While I’m certainly not the first to point these features out, it is astounding to look at how quickly health insurance premia have grown overtime, especially when you compare this growth to that of average wages, total Medicare spending per enrollee and total Medicaid spending per enrollee. To facilitate comparisons, I show the distribution of these items across states in 2001 and in 2009. Finally, it’s notable how much less Medicaid costs have been growing relative to other health costs.

hi_tot by year

fig_hi_tot

fig_avg_wages

fig_MEDICAREpersonalhc_enroll

fig_MEDICAIDpersonalhc_enroll

Note that these charts are preliminary. Data from CMS, BEA, MEPS.

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About ozidar

I'm an Assistant Professor of Economics at the University of Chicago Booth School of Business and a Faculty Research Fellow at National Bureau of Economic Research. You can follow me on twitter @omzidar. http://faculty.chicagobooth.edu/owen.zidar/index.html
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