To measure healthcare costs, the Commonwealth Fund study utilized a three-option menu:
- 25% find it difficult or impossible to afford their premium costs;
- 43% find it difficult or impossible to afford their deductible;
- 29% were billed by a provider for the difference between what the plan paid and what the provider charged;
- 40% of adults with high deductibles relative to their incomes delayed or avoided needed healthcare because of the cost of the deductible; and,
- 37% are unaware their health plans fully cover preventative care services.
More importantly--after all, Obamacare is supposed to provide quality patient healthcare for the poor--are the study's findings concerning low-income, privately insured adults:
- 53% have healthcare costs that are unaffordable;
- 34% have the greatest difficulty affording their copays and coinsurance; and,
- 39% delayed or avoided getting care because of their copays or coinsurance.
The "take away"? Three years into the era of Obamacare, many working-class Americans avoid seeking healthcare when they're sick because their health insurance costs are too high.
Consider what's happening in Springfield, MA:
Unfortunately, too many gullible folks believed the promises touted from the rostrums to pass Obamacare. Today, those folks are having to deal with the reality they helped to create. And this is only the third year!
The Consumer Price Index (CPI) for October 2015 confirms that healthcare prices are rising faster than the prices for all other goods and services. Overall CPI increased 0.2% for the month and also 0.2%, year-on-year. But, healthcare prices increased 0.7% for the month and 3.0%, year-on-year. The fastest growing price? Hospitalization at 5.3%.
Let the discussion begin...
To read the Commonwealth Fund study, click on teh following link: