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Bonus Features – October 30, 2022 – 46% of Americans have gone into debt paying medical bills, 41% say retail and virtual care experiences are disjointed, and more

Healthcare IT Today

A survey from digital health platform Babylon found that 46% of Americans have gone into debt from their medical bills , while 34% are currently struggling to pay their medical and insurance bills. News and Studies. Clinical pharmacy service provider Aspen RxHealth launched its payer platform.

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Infographic: Healthcare Affordability Has Been On The Decline Since 2015

ACA Times

The study comparatively breaks down 2015-2017 with the opinions of Americans being somewhat consistently on the decline. In 2015, 63% of Americans found it easy to pay for monthly health insurance, while 27% found it difficult. Add to that concerns for actually visiting a doctor, for fear that the medical bills will be too costly.

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1 in 5 Americans Struggle With Medical Bills

ACA Times

One in five (20%) working-age Americans with health insurance say problems paying medical bills often force them to work longer hours, take a second job, spend less on food, use up their savings, borrow from family or friends, or seek help from a charity.

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Financial Stress and Mental Health: Considering the New $24,000 Health Plan Cost from KFF

Health Populi

The APA found in the 2022 study that stress related to money reached the highest level Americans felt since 2015. consumers said paying a health care bill was stressful. Furthermore, nearly one-half of people said their well-being or healing was negatively impacted by difficulty paying a medical bill, Cedar’s research found.

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Study says Medicaid expansion in Michigan improved beneficiaries' financial health

FierceHealthIT

Newly eligible beneficiaries saw their bills in collection, especially medical bills, decrease by hundreds of dollars between 2014 and 2015.

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Insured, Sick and Broke – The Latest on the State of U.S. Health-Insured Consumers’ Financial Health

Health Populi

This is what rationing health care looks like in America: one in two people in families dealing with a chronic health condition have difficulty affording paying medial bills before meeting a deductible, unexpected medical bills, co-payments for prescription drugs, co-payments for physician visits, and/or their monthly health insurance premium.

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Using Data-Driven Fintech Tools to Tackle the Healthcare Affordability Crisis

Healthcare IT Today

In 2015, high-deductible health plans were the choice for less than 40% of the population; by 2020, that number was above 50%. In a medical emergency, patients would be forced to cover massive medical bills out of pocket. As a result, 1 in 10 Americans owe some form of medical debt , with millions owing more than $10,000.