New study: Hawaii ranks No. 1 in least money spent on healthcare

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A new study shows Hawaii ranks No. 1 spending the least money spent on healthcare annually in the U.S.

The Senior List released a study on Annual Healthcare Spending By State using the most recent data from the Healthcare Cost Institute and showed that Hawaii residents spend an average of $3,626 per year on healthcare, more than $2,000 less than the national average of ($5,640.78.)

Here are several additional findings from the study:

  • Healthcare spending in the U.S. has increased by 17% since 2013
  • Americans spend $3.5 trillion annually on healthcare which accounts for 18% of GDP.
  • Spending on prescription drugs nationally has increased 29% since 2013.

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