High out-of-pocket costs discourage patients from choosing medical care — 4 takeaways

A recent Google report shows that a majority of patients surveyed are choosing to put off elective medical care due to high out-of-pocket costs, according to Mnet Collection News.

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Here are four takeaways:

1. The report found almost 53 percent of respondents have chosen to delay care for services and as many as 45 percent noted that they would choose to skip such care if the out-of-pocket portion cost more than $1,000.

2. The survey found that 44 percent of respondents claimed they were unaware that they had any financing options.

3. Additionally, a report from the Healthcare Affordability Index found that 53 percent of adults with lower incomes claimed to be unable to afford healthcare. That same report showed that 32 percent of adults with higher incomes claimed they struggled to pay their deductibles as well.

4. The Urban Institute’s Health Policy Center found, in January, that those purchasing healthcare plans on newly established state or federal exchanges are on the hook to pay anywhere between 10 and 25 percent of their annual household income when combining their premiums, deductibles and any other out-of-pocket costs they might have incurred.

More articles on coding, billing & collections:
CMS extends deadline for states to submit access monitoring review plans — 4 takeaways
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HCA’s contract dispute with BCBS of Texas threatens surgery centers — 5 key points

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