Out-of-pocket healthcare costs straining Americans’ finances

Healthcare DIVE September 27, 2017
Les Masterson

Dive Brief:

• A new JPMorgan Chase Institute report, Paying Out-of-Pocket: The Healthcare Spending of 2 Million U.S. Families, found Americans are struggling with out-of-pocket healthcare costs.
• Families are delaying healthcare payments until they get more “liquid assets.” For instance, healthcare payments spike in March and April, which is when Americans get their tax refunds.
• The report used financial transactions of 2.3 million Americans to see how healthcare spending habits changed between 2013 and 2016.

Dive Insight:

Out-of-pocket payments increased each year of the study. Families in the top 10% of healthcare spending remain the highest spenders each year, which study authors said showed the costs of chronic conditions and long-term healthcare needs.

The report also found there is...

Today's Sponsors

Today's Sponsor