When it comes to the cost of health care in the United States, residents of North Carolina find themselves in the middle of the pack according to an in-depth study by WalletHub, a leading personal finance social network.
Looking at specific costs related to health rankings, death rate rankings and health-care cost rankings, the state of North Carolina came in at No. 27 overall. The date used came from the Centers for Disease Control & Preventoin, America’s Health Rankings and eHealthInsurance.
The study showed that Minnesota took the top spot in the overall rankings, while the state of Mississippi was the worst at No. 47. WalletHub did not factor in the overall information from the states of Maine, Vermont and Rhode Island because of a lack of complete information available.
“As the U.S. undergoes the most sweeping health insurance expansion since Medicaid and Medicare, health care expenditures and standards continue to dominate the discussion regarding policy,” said Richie Bernardo, a financial writer for WalletHub. “And only recently have researchers been able to gauge the number of uninsured Americans after the implementation of the Affordable Care Act.”
Perhaps more telling is the fact that, since 2003, single health-care coverage has increased by 74 percent and family health-care coverage by 80 percent across the nation.
“It’s no surprise that millions of Americans consider forgoing medical attention a better option than draining their savings,” Bernardo said.
According to the study, individuals in Minnesota pay an average of $2,292 per year in health-insurance premiums — the lowest cost in the country. Alaska, meanwhile, pays the highest rate at $5,424 per individual premium.
By category, according to WalletHub’ study, the top five states are as follows:
— National health ranking: 1-Hawaii, 2-Vermont, 3-Minnesota, 4-Massachusettes, 5-New Hampshire. North Carolina ranks No. 35.
— Death rate ranking: 1-California, 2-Minnesota, 3-Maasachusettes, 4-New York, 5-Connecticut. North Carolina ranks No. 33.
— Health-care cost ranking: 1-Minnesota, 2-Kansas, 3-(tie) Utah, Oklahoma, 5-Alabama. North Carolina ranks No. 16.
Overall, the top five states are, in order: Minnesota, Utah, Kansas, Hawaii and Iowa; the bottom five states, starting with the worst, are: Mississippi, Louisiana, Arkansas, West Virginia and Indiana.
Going even further, WalletHub’s study shows that Blue States — those that voted Democratic in the 2012 presidential election — have a higher return on the investment for health care, with an average national ranking of 20.35. Those in Red States — which voted Republican in the 2012 presidential election — had an average national ranking of 27.42.
To view the full report, go online at http://wallethub.com/edu/states-with-the-best-worst-health-roi/5247/.