Five things to know:
1. Americans have challenges affording different healthcare and dental costs at rates that are comparable and often higher than those who struggle with household costs. Many adults above the age of 65 have difficulty paying for services not covered by Medicare.
2. Forty-six percent of insured adults struggle to afford out-of-pocket costs. Twenty-seven percent struggle with their deductible.
3. Healthcare costs disproportionately hurt uninsured adults, Black and Hispanic adults, and people with lower incomes.
4. Half of Americans have delayed or skipped care because of the high prices. Twenty-nine percent said they at times do not take their medicine as it was prescribed because of the cost.
5. Twenty-six percent of adults said they or a household member struggled with paying medical bills in 2019, and 12 percent said the bills had a huge effect on their family.
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.