Yeah, I’m getting hit with all kinds of out-of-pocket costs now. Anyone else?
Researchers at the Commonwealth Fund found that 21 percent of adults with private health insurance spent five percent or more of their income on out-of-pocket health care costs even before factoring in premiums. In that group, low-income adults had the highest costs, which in some cases surpassed 10 percent of their income.
The report, touted as “Too High A Price: Out-of Pocket Health Care Costs in the United States,” includes survey data from people with employer-sponsored health insurance, Affordable Care Act marketplace plans, individual health insurance, Medicaid, and other forms of coverage.
“In order for health insurance to work for families, and for the U.S. health care system to work well, it will be important to bring down the number of people who are underinsured — people who have coverage that doesn’t provide adequate financial protection,” Commonwealth Fund President David Blumenthal, M.D said in a press release.
Blumenthal added: “Research shows that people who have insurance but have high health care costs relative to their income are as likely to skip getting the care they need as those with no insurance at all.”