Health Care Costs [Fixed and Variable]

Employers and “Brokers”

By staff reporters




  • Anthem Revenue $104 Billion (2019)
  • Cigna Revenue $154 Billion (2019)
  • United Revenue $242 Billion (2019)
  • Aetna Revenues $69.6 Billion (2019)

CEO Salary:

  • Cigna CEO salary $18.9 million (2018)
  • United CEO salary $21.5 million (2018)
  • Aetna CEO salary $18.7 million (2017)

NOTE: The total annual healthcare spending in the US is over $3.6 trillion annually. Healthcare spending on administration: 73%. Percentage of healthcare spending on physician salary: less than 8%.

Assessment: Your thoughts are appreciated.


Product DetailsProduct Details


7 Responses

  1. F/Cs and V/Cs
    Most companies live or die by their VCs.


  2. Important information about Economic Impact Payments

    This week, as part of the Coronavirus Aid, Relief and Economic Security (“CARES”) Act, the U.S. Federal Government began delivering “Economic Impact Payments” to eligible Americans. These direct cash payments to individuals and families are for financial relief during the coronavirus pandemic, and are sometimes referred to as “stimulus checks.”

    Here are a few things to keep in mind:

    The Internal Revenue Service (IRS) is responsible for the timing, amount and distribution of these payments, and has stated that payments will be sent in waves over the course of multiple weeks into July 2020.
    The IRS will distribute payments using the information that the IRS has on file for each eligible individual or family.

    For most of the recipients, payments will be deposited directly into the same bank account that they have most recently used to receive a tax refund or monthly Social Security payment.

    Others will receive paper checks in the mail, at the address that the IRS has on file for that individual.
    Banks, cannot and do not provide personal account or address information to the IRS.
    Direct deposits are posted for open accounts on the effective date set by the Treasury.

    Here are answers to questions you may have, and tools you can use:

    Am I eligible, and when will my payment arrive? Contact the IRS.

    The IRS Economic Impact Payment Information Center website has detailed information on eligibility, requesting, calculating and receiving payments.
    The IRS Get my Payment website can provide you information about the status of your payment, payment type (direct deposit or paper check) and how to set up a direct deposit if available.



  3. Healthcare Costs for the Average American are $6,553 in 2020

    Milliman recently released their 2020 Milliman Medical Index. Here are some key findings from the report on healthcare costs:

    • In 2020, healthcare costs for a hypothetical family of four reached $28,653.
    • Healthcare costs for the average person are at $6,553 this year.
    • Healthcare costs grew by 4.1% this year, outpacing growth in gross domestic product.
    • Hospital costs rose by 15% in the past 3 years, compared to 10% for other services.

    Source: Milliman, May 21, 2020


  4. Healthcare Costs [Fixed and Variable]

    As a certified financial planner, I can tell you first hand that clients are under planning for rising healthcare costs. It seems everyone is aware of this risk in retirement but because it is not a very fun discussion people avoid it until it is too late.

    Paying for their kid’s education is another biggie that is forcing folks into a decision of do I want to retire on time? Or do I want to help my child with college expenses?

    The good news is, all of these variable costs can be accounted for and addressed if we get out in front of it.

    *College costs are increasing at a 6-7% rate to be conservative and healthcare costs are even higher. Folks are earning .05-.5 on cash right now. Something has to give ….. Is hyperinflation around the corner”?



  5. U.S. healthcare spending in 2019 was $3.8 trillion. As of October 2020, the total net worth of all U.S. billionaires combined was $4 trillion. If we taxed every U.S. billionaire 100% of their total wealth, we would not have enough money to pay for a single year of healthcare spending in America in 2021. Who do we tax for 2022? We don’t have a financing issue. We have a cost issue.

    Lee S. Gross, MD


  6. HC

    The total annual healthcare spending in the US is over $3.6 trillion annually.

    • Healthcare spending on administration: 34%
    • Healthcare spending on physician salary: 8.6%

    When your doctor can’t get you the tests/imaging/procedures/surgery/medication you NEED, remind yourself that the middle management, the CEOs, the lobbyists for health insurance company did NOT swear an oath to put your health above money!



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