Why Is Your Health Insurance So Expensive? (Infographic)

Why is health insurance so expensive? Health insurance is so expensive in the US due to the costs of modern medical technology and provider price inflation. The high amount of chronic illness in America combined with the aging population are other main reasons why costs are continuing to increase.

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Eric Stauffer is a former insurance agent and banker turned consumer advocate. His priority is to help educate individuals and families about the different types of insurance they need, and assist them in finding the best place to get it.

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Written by Eric Stauffer
Founder & Former Insurance Agent Eric Stauffer

Leslie Kasperowicz holds a BA in Social Sciences from the University of Winnipeg. She spent several years as a Farmers Insurance CSR, gaining a solid understanding of insurance products including home, life, auto, and commercial and working directly with insurance customers to understand their needs. She has since used that knowledge in her more than ten years as a writer, largely in the insuranc...

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Reviewed by Leslie Kasperowicz
Farmers CSR for 4 Years Leslie Kasperowicz

UPDATED: Oct 31, 2021

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Why is health insurance so expensive? How much should I expect to pay in health insurance? How can I lower my health insurance costs? These are all important questions that need answering, especially when you are switching health insurance providers.

With healthcare costs skyrocketing, this infographic takes a look at some of the primary reasons we are continuing to see increased costs even from the best insurance companies. Everything from an aging population to the cost of modern medical technology appears to be playing a part.

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Why is Health Insurance So Expensive

Via Carrington.edu

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