Skip to main content

Majority of patients faced out-of-pocket expense of $500 or more last year

October 3, 2019

bigstock-Man-Pulling-out-Empty-Pocket-90842618

Healthcare is once again a top issue heading into the 2020 presidential election as consumers struggle to afford care and prescription drugs. Topping the list of concerns for most voters is healthcare and their ability to afford it, according to a recent Gallup poll.

Americans worry more about healthcare than crime or the economy, the poll found. Gripping stories of patients struggling to afford insulin and those socked with sky-high surprise bills have grabbed headlines throughout the past few years.

The Trump administration has made reining in drug costs a priority, and released a blueprint last year outlining its strategy to achieve that goal. Most recently, the president issued an executive order this week that could force more transparency by releasing information on the negotiated rates between payers and providers.

With out-of-pocket expenses rising, TransUnion Healthcare President Dave Wojczynski said patients need better information to make the most cost-effective choices.

Read more: Healthcaredive.com

Share: Share this article on LinkedIn Share this article via email