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Medical Debt: “The Debt of Necessity” – A Current U.S. Picture from the CFPB

Health Populi

consumer credit rating companies — Equifax, Experian and TransUnion — planned to remove medical bill collections that were under $500 from consumers’ credit reports. From the start, CFPB has been monitoring medical debt along with other forms of household debt — student loans, mortgages, credit cards, and so on.

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The Patient as Consumer and Payer – A Focus on Financial Stress and Wellbeing

Health Populi

Add on top of these significant stressors the need to deal with medical bills, which is another source of stress for millions of patients in America. told the Gallup Poll in April 2022 that their financial situation has eroded in the past year, up to 1 in 2 people which is a statistic we haven’t seen since the Great Recession of 2008.

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The Unbearable Heaviness of Inflation: Will Consumers’ Financial Stress Erode Their Health?

Health Populi

An hour after the Morning Consult session, I brainstormed the topic of consumers-as-payers of medical bills and prescription drugs with GoodRx strategy leaders. emerged from the Great Recession of 2008.

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How COVID-19 is Hurting Americans’ Home Economics in 2020

Health Populi

With most Americans living paycheck to paycheck, lacking sufficient savings or liquidity to cover emergency expenses (beyond the emergency room in a hospital), fewer people can now pay a $500 medical bill, KFF found. This, when U.S.

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Value-Based Health Care Needs All Stakeholders at the Table – Especially the Patient

Health Populi

Dr. Fendrick was part of a team that wrote one of the first research articles on the effects of increasing patient cost sharing on health disparities — published in 2008 in the Journal of General Internal Medicine. .” Out of the mouths of Mom’s, right?!

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Did you miss one? Five Aging and Health Tech blog posts March 2023

Aging in Place Technology Watch

And it is fair to say that the applications of it are making its way into the world of older adults, this AARP article describes its uses for older adults in generating a letter to contest a medical bill. And having a paper check stolen out of an envelope and readdressed to a thief this past year.

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As Workers’ Healthcare Costs Increase, Employers Look to Telehealth and Wearable Tech to Manage Cost & Health Risks

Health Populi

Over the past decade the share of workers in plans with annual deductibles has grown from 59% in 2008 to 85% in 2018. That voter in America has prioritized pre-existing conditions, the cost of prescription drugs, and surprise medical bills as political priorities — across party ID, as I’ve noted here in Health Populi.