It’s clear that the US Health Care Industry is in crisis. Crippling medical debt is rising. Insurance premiums are endlessly climbing, but coverage is more and more sparse. Compared with 10 and 20 years ago, people pay for much more of their care out-of-pocket, whether due to high deductibles, high copays or just exorbitantly expensive prescriptions and procedures.
In the latest study published in Health Affairs, researchers looked for trends in Census data paired with anonymized 2016 credit records for more than 4 million Americans from the Consumer Financial Protection Bureau’s Consumer Credit Panel.
“They found that one in six Americans have past-due health care bills on their credit report, a debt totaling $81 billion in all. More than half of those bills — 53 percent — amount to less than $600 each. These findings are consistent with a 2017 Urban Institute report that suggested medical debt is the most common financial burden in collections in the United States, a country where health care spending amounts to 18 percent of the nation’s gross domestic product.”
Direct Primary Care (DPC) was born out of an effort to combat these factors. Research shows that people avoid preventative medical treatments due to cost. Even people with insurance won’t go to a doctor when they are sick because of high fees and deductibles. With DPC, a monthly fee, much much lower than a basic insurance premium, covers unlimited visits with your doctor, including preventative exams, annual blood work, and on-site labs. Our Direct Primary Care program also offers discounted procedures and diagnostics, like stitches, X-rays, as well as labs that are sent out.
The below graphic shows how medical debt affects Americans. Direct Primary Care can help you avoid medical debt by taking good care of you when you are sick and keeping you healthy all year round. DPC doctors work directly for YOU, not an insurance company or third party.
Graphic by nationaldebtrelief.com
Here is a guide to combating medical debt.