Americans are worried about the affordability of healthcare in the United States.
Factors such as the increasing private and public debt, rising healthcare expenses, and other economic considerations have left many Americans feeling apprehensive about the future expenses associated with healthcare.
Research conducted by the Health Care Cost Institute indicates that the average cost of an emergency room visit has surged by 176% in the past decade, leading to heightened concerns among the general population. A recent survey by Value Penguin found that 83% of Americans believe that the country is heading towards a “crisis” in terms of healthcare affordability.
These worries are not unfounded, as a recent Federal Reserve report highlighted that the typical American does not have $400 saved for unexpected expenses. However, a significant portion of emergency healthcare costs far exceed this amount. While minor ER visits may only cost a few hundred dollars, the average expense ranges from $150 to $3000, and an ambulance ride can result in a bill ranging from $400 to $1200. Given the prevailing levels of debt in the country, many individuals may struggle to address unforeseen health-related financial challenges.
The issue of healthcare affordability is a key concern for many Americans. The Value Penguin survey revealed that a presidential candidate’s stance on healthcare is the second most influential factor for voters, following closely behind their position on the economy and job market. Additionally, 42% of the survey participants attributed the current state of healthcare affordability to government policies.
