According to the report, about 98 million Americans were forced to take extraordinary measures to afford healthcare, including trimming household expenses or borrowing money. Over half of adults in households earning less than $48,000 a year reported cutting spending. In households earning at least $180,000, about 19 percent have cut costs to afford healthcare.
In the last six months, 26 percent of adults reported delaying or avoiding medical care or purchasing prescription drugs due to rising costs. That number increases to 43 percent of adults in lower-income households.
Overall the report details that consumers who cut back on non-healthcare-related expenses were significantly more likely to cut spending on healthcare.
- Of those who cut back on utilities, 59 percent also cut back on medical care and medicine.
- Of those who skipped a meal, 71 percent also cut back on medical care and medicine.
- Of those who borrowed money, 60 percent also cut back on medical care and medicine.
- Of those who drove less, 55 percent also cut back on medical care and medicine.
- Of those who did any of the above, 51 percent also cut back on medical care and medicine.
Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit
