Becker's Healthcare November 16, 2022
Synchrony “Lifetime of Healthcare Costs” Study Indicates Insured Respondents Underestimated Annual Cost of Care by 145%
Americans Delaying Medical Procedures Due to Cost, Study Finds
STAMFORD, Conn. – November 15, 2022 – An insured American with an employer-sponsored health insurance plan can expect to spend more than $320,000 (including insurance premiums and out-of-pocket costs) during his/her adult lifetime, according to new consumer research from Synchrony (NYSE: SYF), a premier consumer financial services company. This number may be more than double — topping $700,000 — for Americans who purchase their own insurance (without employer or government subsidies) or for those who suffer from chronic illnesses such as diabetes, heart disease or cancer.
Additionally, the Synchrony Lifetime of Healthcare Costs study...