As patients become more consumerist and insurers and providers look to control costs, they're switching the site of care, insofar as possible, to cheaper settings. (Photo: Shutterstock)
In 2018, no matter what setting patients received care in, their out-of-pocket costs probably rose.
That's according to a new analysis from TransUnion Healthcare, which finds that patients experienced annual increases of up to 12 percent in out-of-pocket expenses for inpatient, outpatient and emergency department care in 2018.
In fact, the report finds that most patients are dealing with out-of-pocket costs of more than $500—59 percent are having to fork over between $501 and $1,000 during a health care visit.
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Marlene Satter
Marlene Y. Satter has worked in and written about the financial industry for decades.
