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People With Medical Debt Are Much More Likely to Be in Financial Distress in America

Health Populi

How financially vulnerable are people with medical debt in the U.S.? Significantly more, statistically speaking, we learn from the latest survey data revealed by the National Financial Capabilities Study (NFCS) from the FINRA Foundation. Medical bill stress has become a mainstream “normal” in the U.S.

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Will Trade Data for (Cheaper) Health Care – USC’s View of the Future

Health Populi

As such, American health consumers are wrestling with sticker shock from surgical procedures, surprise medical bills weeks after leaving the hospital, and the cost of prescription drugs — whether six-figure oncology therapies or essential medicines like insulin and EpiPens. Welcome to the age of sharing data for value-exchange.

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Consumers Are So Over Their Paper Chase in Health Care Payments

Health Populi

Morgan’s InstaMed team to analyze health care payments data, describing the experiences of consumers, providers and payers in the Trends in Healthcare Payments Fourteenth Annual Report. “The data clearly show that when innovative options are implemented, growth and optimization soon follow.”

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Surprise, Surprise: Most Americans Have Faced a “Surprise” Medical Bill

Health Populi

Most Americans have been surprised by a medical bill, a NORC AmeriSpeak survey found. patients blamed doctors and pharmacies, although a majority of consumers still put responsibility for surprise healthcare bills on them (71% and 64% net). See the second bar chart for the data supporting Altman’s observation.

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The Healthcare Financial Experience is a Stressful One: the Convergence of our Medical, Retail, and Financial Lives

Health Populi

The bottom-line, literally: four in ten consumers would not pay a medical bill if they cannot understand the administrative experience. Each person interviewed was responsible for health care decisions and paying the bill at least once int he past twelve months. Cedar polled 1,239 U.S. adults struggling to pay for health care.

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Sicker Consumers Are More Willing to Share Health Data

Health Populi

People dealing with chronic conditions are keener to share personally-generated data than people that don’t have a chronic disease, Deloitte’s 2018 Survey of U.S> These three patient journey milestones are searching for care, using new channels of care, and tracking and sharing health data, Deloitte maps.

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Bonus Features – September 24, 2023 – 72 percent of patients say affordability is the biggest challenge for paying medical bills

Healthcare IT Today

While 57% of doctors think patients miss appointments due to insurance issues , and 34% think it’s lack of access to appointments, a Tebra survey found the real reasons that patients skip appointments are work conflicts, not feeling well, and facing transportation issues.