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As Medical Cost Trend Remains Flat, Patients Face Growing Health Consumer Financial Stress

Health Populi

. “Employer health spending has grown from 6 percent of total wages in 1988 to more than 12 percent in 2018,” driven by healthcare prices growing faster than the general economy, and the adoption of new technologies, procedures, and increasingly expensive new prescription drugs, PwC observes. economy by 2026.

Medicare 159
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How to Automate Patient Healthcare Payments Before and After a Visit

Mend

These days, patients are spending more on healthcare than ever before. That’s up almost 10% from the previous year and is on track to reach $800 billion by 2026. Today, patients prefer convenient payment options to stay on top of medical bills. Their out-of-pocket spending hit $491.6 billion in 2021.