80% of Americans say delaying care led them to incur higher medical bills

Forty percent of Americans said they or one of their household members have experienced worsening health conditions because they avoided healthcare settings during the pandemic, and 80 percent of these people said the decision led them to incur higher medical bills, according to recent survey results from Freedom Debt Relief.

Advertisement

Freedom Debt Relief surveyed 2,005 American adults from Jan. 20-22 and found that 20 percent of respondents said they have medical debt. Seventy-five percent of respondents with medical debt said they have accumulated more medical debt since March 2020.

Of the respondents who have accrued more medical debt since March 2020, 60 percent said it is because they or one of their household members needed to attend increased medical visits due to potential COVID-19 exposure. Thirty-six percent said they accrued more medical debt because they or one of their household members contracted COVID-19.

Additionally, 26 percent of respondents said they incurred additional out-of-pocket medical expenses because they or one of their household members lost their healthcare insurance.

Seventy-three percent of respondents said they somewhat or strongly agree that an unexpected $500 medical bill would be problematic, up from 68 percent who said the same during last year’s survey.

More articles on healthcare finance:
Providers favor consumer-friendly files when complying with CMS’ price transparency rule
7 latest hospital closures
Patient advocacy expert: Hospital price transparency may change debt collection practices

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

Advertisement

Next Up in Financial Management

Advertisement

Comments are closed.