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Value-Based Health Care Needs All Stakeholders at the Table – Especially the Patient

Health Populi

[Note: I may be biased as a University of Michigan graduate of both the School of Public Health and Rackham School of Graduate Studies in Economics]. health care, patient assistance programs, Medicare Advantage plans, and the bundling of proven high-value preventive services into the Affordable Care Act.

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Will Consumers Cross the Cost-and-Trust Chasm Between Prescription Drugs and Hospitals?

Health Populi

84% of Americans told the Foundation that they were concerned about how much health care costs will affect them in the future, with 42% of patients saying they couldn’t afford to pay over $500 for an unexpected medical bill. Hospital costs contribute to rising medical costs to 49% of health consumers.

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Why health care costs are making consumers more afraid of medical bills than an actual illness

Henry Kotula

Meanwhile, 40 percent said they skipped a recommended medical test or treatment. Also, the study found most people who are delaying or skipping care actually have health insurance. And 53 percent received a bill that was higher than they expected.

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In U.S. Health Care, It’s Still the Prices, Stupid – But Transparency and Consumer Behavior Aren’t Working As Planned

Health Populi

As the Harvard Chan-POLITICO study points out, prescription drug costs are top-of-mind for health consumers in America. As patients continue to morph into consumers who pay for health care services, they are seeking price transparency — but not finding it so easy. Two news items illustrate this issue in real time.

BioTech 160
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American healthcare: The good, bad, ugly, future

Henry Kotula

Americans today pay twice as much for the same medications as people in Europe largely because of Congressional legislation passed in 2003. Now, under provisions of the new Inflation Reduction Act , the government will be able to negotiate the prices of 10 widely prescribed medications based on how much Medicare’s Part D program spends.

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Why People Are Still Avoiding the Doctor (It’s Not the Virus)

Henry Kotula

While the survey didn’t ask people why they were putting off care, there is ample evidence that medical bills can be a powerful deterrent. “We It’s going to have an effect on people’s demand for health care.”. This is a major economic recession,” she said.

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

Health Populi

The Business Group on Health’s survey into large employers’ plans for health benefit designs in 2023 has a strong focus on value, concurring with employee benefit consulting studies from Mercer, SHRM, and WTW, among others. Consumers are excited about connected health care , the Trusted Future study bullishly reports.