Medical Economics June 7, 2023
Study finds mounting costs and confusing billing statements are taking a toll on Americans’ health
The majority of insured patients are facing increased physical and mental health issues thanks to unaffordable medical bills, high-deductible health plans, and confusing billing statements, according to a study from HPS/PayMedix.
The study found that 52% of insured Americans said that paying medical bills has been stressful, with 92% claiming the stress has affected their physical and mental health.
Other findings that show that health and financial wellbeing are closely related:
About one-third of respondents said that out-of-pocket costs (33%) and deductibles (31%) are unaffordable. That increases to four in ten Americans with a credit score...
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