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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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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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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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1 in 2 U.S. Women (“The Bedrock of Society”) Self-Ration Care – the Latest Deloitte Findings

Health Populi

are more likely to avoid care than men in America, Deloitte found in the consulting firm’s latest survey on consumers and health care. consumer survey in February and March, 2024. Women in the U.S. Deloitte coins this phenomenon as a “triple-threat” that women face 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

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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The Top Pain Point in the Healthcare Consumer Experience is Money

Health Populi

98% of Americans rank paying their medical bills is an important pain point in their patient journey, according to Embracing consumerism: Driving customer engagement in the healthcare financial journey , from Experian Health. Experian surveyed 1,000 consumers in September 2017 for this study.

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Lockdown Economics for U.S. Health Consumers

Health Populi

On the medical spending front, Bankrate’s survey noted that 1 in 3 Americans did not seek healthcare in the past year due to costs. Without assurance that these medical bills would be paid, there are people in the U.S.