A new Forbes Advisor study shedding light on Americans’ top financial worries has revealed Texas has the fifth highest health care costs in the nation.
Forbes Advisor’s annual report compared all 50 states and Washington, D.C. across nine different metrics to determine which states have the most and least expensive health care costs in 2024.
Factors include the average annual deductibles and premiums for employees using single and family coverage through employer-provided health insurances and the percentage of adults who chose not to see a health care provider due to costs within the last year, among others. Each state was ranked based on its score out of a total 100 possible points.
Texas was No. 5 with a score of 91.38 points. North Carolina was No. 1, followed in order by South Dakota, Nebraska, and Florida.
According to Forbes, out-of-state families considering a move to the Lone Star State should be aware of the state’s troubling statistics when it comes to family health care. More specifically, nearly 15 percent of Texas children had families who struggled to pay for their medical bills in the past 12 months, the highest percentage in the nation.
Source: Texas has the 5th highest health care costs in the nation, Forbes says / innovation map