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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. What is not commonly discussed is that medical bill problems are very common among people who have insurance and not only the uninsured.

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The Patient As Payor: Workers Covered by Employer Health Insurance Spend 11.5% of Household Incomes on Premiums and Deductibles

Health Populi

of their household income on health insurance premiums and deductibles based on The Commonwealth Fund’s latest report on employee health care costs, Trends in Employer Health Coverage, 2008-2018: Higher Costs for Workers and Their Families. Workers covered by health insurance through their companies spend 11.5% This new year is a U.S.

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When Household Economics Blur with Health, Technology and Trust – Health Populi’s 2023 TrendCast

Health Populi

Most patients have experienced frustrations – in the designer’s parlance, “friction” – when seeking routine care as well as during a routine medical appointment. Clearly, patientsexperiences as consumers of healthcare lack the service levels they expect as payors based on this MITRE-Harris Poll.

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Gallup Reveals Americans’ Views on Industry Are the Lowest Since 2008 – Implications for Healthcare and Pharma

Health Populi

In their latest look into consumers’ views on business in America, Gallup found that peoples’ ratings on business fell to their lowest ratings overall since 2008. Health Populi’s Hot Points : For some context, remember that 2008 was the advent of the Great Recession. have declined in the past year.

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Benefit Cost Increases Overwhelm Flat Wages for Most in US: Pew

Health Populi

The first chart from the Pew discussion illustrates the rise of benefit costs vs. wage and salary growth, crossing lines around 2008 — when the Great Recession hit U.S. That is, if those patients-as-health-consumers can vote with their feet and pocketbook. households.