Thursday, March 23, 2017
Even with insurance, medical bills hurt
Three-quarters of Americans have seen their health costs rise and not go down--so for many, this means avoiding medical care.
---One in five Americans avoid going to the doctor because of the cost--this includes 56% of people without insurance and 27% of Millennials.
--Forty-nine percent say they don't have enough info on what things will cost to determine what they will have to pay. A broken arm? Almost half of those asked said it would cost them under $500--the real cost, almost $1200. (And that is probably with insurance.)
--In 2015, 41% of Millennials asked for a cost estimate--but only 21% of Boomers and 18% of seniors. HOWEVER--34% of the time, the final bill was higher than the estimate.
Strapped Americans also are not saving for health care. Only 32% contribute to a Health Savings Account.
Bottom line: People who could not afford an unexpected bill over $100 without borrowing--37%. If the bill were more than $2,000 77% said they would have to borrow.
And now--we have a health proposal to make this worse. It's sickening.