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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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Only in America: Medical Debt Hits High Income and Insured People, KHN and NPR Report

Health Populi

By age group, people 30 t0 49 years of age were more likely to have fallen into medical debt: think Sandwich-generation adults with children and aging parents, seriously financially stretched and stressed. Here’s an additional detail showing the mainstream, Main Street nature of medical debt in the U.S.:

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Changing Views of Retirement and Health Post-COVID: Transamerica’s Look At Workers’ Disrupted Futures

Health Populi

The study was fielded between October and December 2021, thus before the onset of significant inflation on household budgets in 2022. While most employed workers have been saving for retirement, many are not putting sufficient funds away for their goals, dreaming of traveling, spending more time with family, and pursuing hobbies.

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The Financial Toxicity of Health Care Costs: From Cancer to FICO Scores

Health Populi

. “Medical debt is the most common collection tradeline reported on consumer credit records,” the Consumer Financial Protection Bureau called out in a report published March 1, 2022. Medical debt in cancer can hinder patients’ seeking care as well as limit their treatment options, the study found.

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The Federal Reserve Chairman Speaks Out on Health Care Costs: “Spending But Getting Nothing”

Health Populi

submitted the Semiannual Monetary Policy Report to Congress and testified to the Senate Banking Committee. Chairman Jerome Powell detailed the current state of the economy, discussing the state of the macroeconomy, GDP growth, unemployment, inflation, and projections for 2022 and beyond.

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American healthcare: The good, bad, ugly, future

Henry Kotula

Drug-Pricing Laws With the Inflation Reduction Act of 2022, Congress took meaningful action to lower drug prices , a move the CBO estimates would reduce the federal deficit by $237 billion over 10 years. The biggest stumbling block to their widespread use is the drug’s exorbitant price (upwards of $16,000 for a year’s supply). bankruptcy.

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

Health Populi

the title of the article updating the winter 2022-23 sick-season asked. Thus, the sage advice as we approach gatherings for Christmastime 2022: “Close your mouth and step away from the human,” by Katherine Wu of The Atlantic. We enter 2023 with home economics setting our tables as a context for our overall health and well-being.