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Study: significant increase in patients who can't afford to pay full hospital bill
Posted on 6/27/17 at 10:48 pm
Posted on 6/27/17 at 10:48 pm
quote:
A new TransUnion Healthcare analysis revealed a significant rise in the percentage of patients that didn’t pay their hospital bills in full. Approximately 68% of patients with bills of $500 or less did not pay off the full balance during 2016 – up from 53% in 2015 and 49% in 2014.
“There are many reasons why more patients are struggling to make their healthcare payments in full, the most prominent of which are higher deductibles and the increase in patient responsibility from 10% to 30% over the last few years,” said Wiik, author of the book and also principal for healthcare revenue cycle management at TransUnion. “This shift in healthcare payments has been taking place for well over a decade, but we are seeing more pronounced changes in how hospital bills are paid during just the last few years.”
This is why it's fricking dumb to only focus on premium costs when debating the ACA
LINK
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Posted on 6/27/17 at 10:51 pm to HailHailtoMichigan!
I was wondering for a while if people were shirking their bills with Obamacare because of the deductible.
Boom.
Boom.
Posted on 6/27/17 at 10:51 pm to HailHailtoMichigan!
Ever looked at the itemized bill from a hospital?
Costs are grossly inflated.
ETA* Not saying that is the only reason, but it is definitely a piece to the healthcare puzzle.
Costs are grossly inflated.
ETA* Not saying that is the only reason, but it is definitely a piece to the healthcare puzzle.
This post was edited on 6/27/17 at 10:54 pm
Posted on 6/28/17 at 12:53 am to HailHailtoMichigan!
Haircuts across the board are a necessary start. Good article here about why health care is so fricked up and is so hard to change:
Why an Open Market Won’t Repair American Health Care
Why an Open Market Won’t Repair American Health Care
Posted on 6/28/17 at 1:58 am to HailHailtoMichigan!
I broke my ankle several months ago and had to have a 45 minute surgery to put in some screws and a plate and I went home after it was done.
The bill was $85,000
As if anybody could actually pay $85,000 for a short, fairly common surgery, and as if it actually cost that much.
My portion with insurance was like $1500.
The bill was $85,000
As if anybody could actually pay $85,000 for a short, fairly common surgery, and as if it actually cost that much.
My portion with insurance was like $1500.
This post was edited on 6/28/17 at 2:00 am
Posted on 6/28/17 at 5:02 am to HailHailtoMichigan!
Fox and their right wing friends have really done an incredible job of hiding the core of the GOP healthcare plan when people like the OP are posting threads like this condemning the ACA when the replacement in the pipeline is set to make this specific problem of high deductibles much worse. By design mind you. As higher deductibles are a core tenant of GOP reform.
And the Conservative darling Rand Paul is deeply devoted to such reform pathways as well.
If the concern is total out of pocket expenses for the consumer, we are heading in a direction where the opposite is scheduled to take place.
And the Conservative darling Rand Paul is deeply devoted to such reform pathways as well.
If the concern is total out of pocket expenses for the consumer, we are heading in a direction where the opposite is scheduled to take place.
This post was edited on 6/28/17 at 5:05 am
Posted on 6/28/17 at 7:59 am to HailHailtoMichigan!
quote:
“There are many reasons why more patients are struggling to make their healthcare payments in full, the most prominent of which are higher deductibles and the increase in patient responsibility from 10% to 30% over the last few years,”
Don't forget the skyrocketing premiums. You still have to shell that out every month while also paying your much higher deductible and coinsurance.
Pre-ACA when affordable plans were legal, you could use the savings on your premium to pay your share of the bill and be done with it in a month or two.
Posted on 6/28/17 at 8:25 am to HailHailtoMichigan!
Patient responsibility receivables have always had poor payment. The provider expects most of it to be written off. Lenders won't allow it as collateral. The industry make profit off the insurance claims alone and anything they get from patients is pure gravy.
The billing is based on what the most generous insurers may pay; it has nothing to do with cost of performing the service.
The billing is based on what the most generous insurers may pay; it has nothing to do with cost of performing the service.
Posted on 6/28/17 at 8:31 am to HailHailtoMichigan!
Couldn't have predicted that. Good thing Obama took away all their garbage plans and gave them good plans.
Obamacare all those folks to the bankruptcy court.
Obamacare all those folks to the bankruptcy court.
Posted on 6/28/17 at 8:51 am to HailHailtoMichigan!
Hmmm...I wonder what has happened in the last few years that could explain this?
Posted on 6/28/17 at 9:20 am to HailHailtoMichigan!
Then why are healthcare/hospital stocks soaring (with the exception of rural hospitals in states that didn't expand Medicaid)?
Is this just among those without insurance? How did they account for Medicaid/Medicare patients, who would have no share of the bill? How big was their survey pool? What was their methodology? How did they define 'paying the full share' - does insurance paying a portion count as a positive or a negative?
So many questions, so few answers. Because they're trying to sell you a product.
Is this just among those without insurance? How did they account for Medicaid/Medicare patients, who would have no share of the bill? How big was their survey pool? What was their methodology? How did they define 'paying the full share' - does insurance paying a portion count as a positive or a negative?
So many questions, so few answers. Because they're trying to sell you a product.
Posted on 6/28/17 at 9:56 am to HailHailtoMichigan!
quote:
“There are many reasons why more patients are struggling to make their healthcare payments in full, the most prominent of which are higher deductibles and the increase in patient responsibility from 10% to 30% over the last few years,”
but BamaAtl and the other communists on this board told me that Obamacare made healthcare more affordable.
Posted on 6/28/17 at 10:17 am to HailHailtoMichigan!
Who sets the price?
Man there's nothing in this world that says x surgical procedure or this forceps has to cost $20,000 or $100.
They set he prices. That's what we need to address first
Man there's nothing in this world that says x surgical procedure or this forceps has to cost $20,000 or $100.
They set he prices. That's what we need to address first
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