People living in areas where the average annual premium for health insurance coverage is $1,400 are paying an average of $1.1,000 a year more than they would in places like California or Florida, according to a new study by the National Bureau of Economic Research.
The researchers analyzed a dozen states, analyzing data from the Department of Health and Human Services from 2010 to 2020 and looking at people who had to buy coverage at a certain age, and who were insured for life.
The average premium for a life insurance policy in these states ranged from $1 a month for people who were in their early 20s to $1 for people in their 60s, the study found.
The study found that people who lived in states with lower average premiums, or lower costs, tended to be younger, less educated and less likely to have had health problems, such as cancer or heart disease.
The authors of the study also found that the median price of insurance coverage in the study area was $1 million.
The cost of the average life insurance coverage also varied considerably from state to state.
Some states, like Alabama, had the highest average premium, while others, like Texas, were in the middle.
The lowest average premium was found in West Virginia, which had an average premium of $750.
The most expensive policies were in California, where the median was $4,400.
The median was higher in Massachusetts, where premiums ranged from a low of $3,000 in Massachusetts to a high of $6,600 in Massachusetts.
The cheapest policies were found in New Jersey, where average premiums ranged between $1 and $2,500, according the researchers.
People living near a major city, such a Los Angeles, can typically find cheaper insurance.
The data from Texas, Florida, California and the District of Columbia were used to create the report.
“We know from previous studies that the risk of death from disease is highest in areas with the lowest average costs,” study co-author Eric Hirsch, an economist at the University of Texas at Austin, said in a statement.
“So, if we want to reduce health care costs, it makes sense to try to get people to live where the cost is lowest.”
Hirsch said he thinks the cost of living in a state with the highest premiums and lowest life expectancy might be the main factor driving people to seek health insurance.
“I think people who live in places with high health care cost might not have as much to lose from buying policies and buying policies in the cheapest place,” he said.
The survey also found states with high premiums had a higher percentage of people with health problems.
“It seems to me that those are people who are going to be most affected by these policies, because the policies will probably be more costly,” Hirsch told ABC News.
“If they’re getting sick, the costs of the health care will be higher than if they’re not.”
The authors also found insurance coverage could have a positive effect on people with pre-existing conditions.
People with chronic health conditions could be able to keep coverage through their children’s school years, the researchers found.
But they also noted that, at least in some states, coverage for people with chronic conditions would be a significant drag on the economy.