Santa Monica Rand Study reveals that higher Health Care Cost and less affordable health insurance offset US family’s income in the last decade! by Barbara Kempen | Sep 8, 2011 | Affordable Health Insurance, Health Insurance Brentwood, Health Insurance Pacific Palisades, Health Insurance Santa Monica Higher health care costs and less affordable health insurance nearly offset the average U.S. family’s income gains between 1999 and 2009, according to a RAND study in Santa Monica published on Thursday in Health Affairs, MedPage Today reports. The study found that the median income for an average four-member family increased from $76,000 in 1999 to $99,000 in 2009, which should have meant that families had at least $545 more to spend each month in 2009 than in 1999 . But, increases in insurance premiums, out-of-pocket health costs and taxes for health care offset the additional monthly income down to $95, RAND researchers said. Over the 10-year period, the researchers found that premiums had increased from $490 to $1,115 per month and out-of-pocket spending had jumped from $135 to $235 per month, which the researchers said was linked to employers shifting more health care costs to their employees . At the same time, annual overall health care spending had nearly doubled, from $1.3 trillion in 1999 to $2.5 trillion in 2009.Study co-author David Auerbach noted, “Accelerating health care costs are a primary reason that so many American families feel like they are just treading water financially.” It is even more critical to use the expertise of a health agent to try to find an affordable health insurance in Santa Monica, which will meet the needs of your family and business, but also keeps your budget in mind.