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The Patient as Consumer and Payer – A Focus on Financial Stress and Wellbeing

Health Populi

Year 3 into the COVID-19 pandemic, health citizens are dealing with coronavirus variants in convergence with other challenges in daily life: price inflation, civil and social stress, anxiety and depression, global security concerns, and the safety of their families. Medical debt has become such a financial burden and stress in the U.S.

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

Health Populi

Note that nearly 1 in 2 of high-income Americans, earning at least $100,000 a year, had had health care debt in the past five years, shown in the first chart from the Kaiser Family Foundation Health Care Debt Survey. health citizens. ” The KFF Survey wondered, “Who has health care debt? .

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In the U.S., Patients Consider Costs and Insurance Essential to Their Overall Health Experience

Health Populi

For mainstream Americans, “the math doesn’t add up” for paying medical bills out of median household budgets, based on the calculations in the 2019 VisitPay Report. adults 18 and over assessing peoples’ financial behaviors in the context of health care. Given a $60K median U.S.

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Despite Greater Digital Health Engagement, Americans Have Worse Health and Financial Outcomes Than Other Nations’ Health Citizens

Health Populi

The idea of health care consumerism isn’t just an American discussion, Deloitte points out in its 2019 global survey of healthcare consumers report, A consumer-centered future of health. health care is Americans’ growing financial exposure to first-dollar costs as patients continue to morph into medical bill payors.

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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. The data showed 33 percent of those surveyed were “extremely afraid” or “very afraid” of getting seriously ill.

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

Health Populi

With that context, I’ll leave you with the latest estimate from Fidelity Investments on how much money a couple retiring in 2022 at 65 years of age would need to cover their health care costs in retirement — just their medical costs, not living or traveling or other expenses — and not including long-term care.

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

Health Populi

rank prescription drugs, lab tests, emergency room visits, dental and vision care, preventive services, chronic disease management and mental health care as the “most essential” health care services, according to the 2019 Survey of America’s Patients conducted by The Physicians Foundation. People in the U.S.