Medical Economics January 25, 2024
Medical costs are hurting patients and primary care doctors. New payment models may be the solution.
As health insurance premiums, copays, and deductibles rise, health insurance is providing less of the financial safety net American families have come to expect. According to the Milliman Medical Index, last year, the cost of health care for a hypothetical family of four with employer-sponsored health insurance was more than $31,000, and the family’s share of that was nearly $13,000, including premiums and out-of-pocket (OOP) costs. This was 5.6% higher than the previous year, and the rising trend is only expected to continue. Historically, provider bad debt was largely driven by the unemployed and uninsured population, but today’s provider financials are different. Now, according...
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