Article

Survey Finds One In Five Americans Juggling Medical Bills

Americans continue to struggle to pay their medical bills, and even the 2010 health care overhaul may not ease their financial burden.

A new survey from the Center for Studying Health System Change and the Robert Wood Johnson Foundation shows the percentage of American families having difficulty paying their medical bills did not increase from 2007 to 2010, despite the economic downturn during that period. But the proportion with medical bill-paying difficulty in 2010 was more than one-third higher than in a similar survey in 2003. Overall, the national study shows that one in five Americans reported trouble paying medical bills last year.

One of the co-authors of the study, Anna Sommers, says these proportions, while dramatic, aren’t that surprising considering the way consumers spend money in a downturn economy. “During a recession we expect [people] to have more medical debt, more medical bill problems, but we have to remember there are recessionary effects on health care spending and health care prices. When income falls, there is a lower demand for health care. Economics tells us that more income yields more demand for health care. So when people have less disposable income, there is less of a demand for health care.”

Read more at:

http://capsules.kaiserhealthnews.org/index.php/2011/12/survey-finds-one-in-five-americans-juggling-medical-bills/

Source: Kaiser Health News

Related Videos
Kimberly Westrich, MA, chief strategy officer at the National Pharmaceutical Council
Dan Nardi
Sam Peasah, PhD, MBA, RPh, director for the Center of High-Value Health Care at the University of Pittsburgh Medical Center
Jawad Haider Butt, MD, PhD
Laura Bobolts, PharmD, BCOP, senior vice president of clinical strategy and growth at OncoHealth
Barry Byrne, MD, PhD, Powell Gene Therapy Center at the University of Florida
JC Scott, CEO and president, PCMA
Caspian Oliai, MD, MS, a medical oncologist and hematologist and medical director of the UCLA Bone Marrow Transplantation Stem Cell Processing Center
Neha Kashalikar, PharmD, director of strategic pharmacy consulting, MassHealth
Adam Colburn, JD, vice president for congressional affairs, AMCP
Related Content
AJMC Managed Markets Network Logo
CH LogoCenter for Biosimilars Logo