A more alarming fact from a recent report from Kaiser Family Foundation, shows that 48 percent of Americans would have to sell something or take out a loan to afford an emergency that cost them $400 or more.
The Kaiser study says that the average yearly deductible is three times that — $1,200 for an individual plan last year — and oftentimes ratchets up higher for those without employer sponsorship.
The Affordable Care Act capped out-of-pocket costs for individual consumers at $6,350, which increased this year to $6,600.
For more medical coding, billing and collections news:
Share of medical debt collection complaints go up
Steep costs of ICD-10 implementation; steep costs of ICD-10 delay
CoPatient co-fights billing discrepancies with consumers
At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.