Tag: healthcare expenses

How Medical Debt is Devastating Millions of Insured Americans and What You Can Do About It

Nordstrom
Medical Debt

Medical debt is a pervasive issue in the United States, affecting millions of Americans each year. Despite having health insurance, many people still find themselves facing unexpected medical bills that can lead to significant financial stress. According to a recent survey by the Commonwealth Fund, nearly half of insured working-age Americans received a medical bill or charge that should have been covered by their insurance. This article aims to shed light on the realities of medical debt, highlight key statistics, share personal stories, and offer practical advice for those grappling…

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Healthcare costs for individual patients are dropping

healthcare reforms quality and cost

Though medical spending is on the rise, the amount paid from consumer pockets is falling. According to data released regarding consumer driven national healthcare spending in 2011 – the most recent complete year that this information is available – while the total amount that is actually coming out of the patient’s pocket is shrinking. These new figures from the government show that Americans are paying less for their medical costs. This is the case, despite the fast growth of health insurance with high deductibles, and the increasing employee contributions to…

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Healthcare study identifies possible savings of $2 trillion over 10 years

health insurance market stability

The researchers are now calling for a new spending target that may be highly effective. According to a study that was just released on Thursday, the United States would be able to save $2 trillion from its spending on the healthcare system over the next 10 years if the federal government would help to influence the rapidly increasing costs in both the public and private sectors, so that they would more effectively align with economic growth. The study was conducted by the Commonwealth Fund, a nonpartisan group. In the report…

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Supplemental Health Insurance: One of the best kept insurance secrets around

Critical illness insurance isn’t one of the more widely known forms of coverage, but it is a form of supplemental health insurance policy that is inexpensive and that can make a significant financial difference to an individual who has received a diagnosis of heart attack, stroke, or cancer. The reason that few have heard of critical illness insurance until now is that it is a relatively new form of coverage in the United States. The first policy of this form was issued in 1996. According to data from the American…

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