Out-of-pocket consumer spending is on the rise: 4 key trends

Adult consumers with employer-sponsored insurance paid more than 15 percent of their medical bills out-of-pocket in 2013, amounting to approximately $700 a year, according to a new data brief by the Health Care Cost Institute.

Advertisement

Here are four key findings from the report:

1. Consumer out-of-pocket spending for common health care procedures can vary from $10 to nearly $1,000 depending on the procedure.

2. In 2013, on average, consumer payments for a new physician visit varied by $19 nationally — it was as little as $10 in Arizona and as much as $35 in Wisconsin.

3. However, variations were much higher for surgical procedures. Prices varied for the following procedures by the amount listed:

•    Colonoscopy — $130
•    Cataract removal — $444
•    Non-contrast MRI – hip/knee/ankle — $342
•    Obstetrical ultrasound — $72

4. There is a clear trend of rising out-of-pocket spending on healthcare.

More articles on ASC news:

How to prevent failure in small business: 7 tips
20 statistics on ASC case volume
5 ways to get unstuck in the face of burnout

Normal
0

false
false
false

MicrosoftInternetExplorer4

st1:*{behavior:url(#ieooui) }

/* Style Definitions */
table.MsoNormalTable
{mso-style-name:”Table Normal”;
mso-tstyle-rowband-size:0;
mso-tstyle-colband-size:0;
mso-style-noshow:yes;
mso-style-parent:””;
mso-padding-alt:0in 5.4pt 0in 5.4pt;
mso-para-margin:0in;
mso-para-margin-bottom:.0001pt;
mso-pagination:widow-orphan;
font-size:10.0pt;
font-family:”Times New Roman”;
mso-ansi-language:#0400;
mso-fareast-language:#0400;
mso-bidi-language:#0400;}

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.

Register to Attend Webinar

Is ambulatory care healthcare’s big margin engine? 4 leaders weigh in

Wednesday, July 29
1:00 PM - 2:00 PM CDT

Presenters: Joe Ganley, athenahealthJeffrey Flynn, CASC, Gramercy Surgery CenterBryan Tsao, Access Center, Loma Linda University HealthJason Zepeda, Northridge Hospital Medical Center, CommonSpirit HealthGreg DeConciliis, PA-C, CASC, Boston Out­Patient Surgical Suites

Advertisement

Next Up in ASC News

Advertisement

Comments are closed.