Page 10 - The Other Side of The Mountain October 2018
P. 10
Kalorama Information, a healthcare market research
publisher, reported that consumers' out-of-pocket
spending on medical services rose to $486 billion last
year. Conservative estimates of annual increases range
from about 4.6% to about 8% over the next eight years.
It is the unexpected medical bills that will cause the most damage.
A recent survey by Amino of more than 1,000 Americans reported
that 74 percent said their health-care costs have gone up in the
past few years. Less than half do not budget for medical expenses.
More than one-third
said they could not
afford an unexpected
Unexpected Medical medical bill for more
Bill Enclosed than $100 without
going into debt. Over
60 percent said
receiving a medical bill they cannot afford is worse than or equally
as bad as being diagnosed with a serious illness. 55% of Americans
have already received a medical bill they were unable to pay!
Source: CNBC March 2017
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