Trouble Paying Medical Bills: 2015 Versus 2005
By John R. Graham
January 12, 2016 - NCPA
After having read my colleague Devon Herrickfs Health
Alert discussing the New York Timesfsurvey (conducted
with the Kaiser Family Foundation) of adults having trouble paying medical
bills, I had a look back and compared the 2015 results to those a similar
survey from 2005. The results are almost exactly the same!
Despite a large decrease in the proportion of working-age people categorized
as guninsuredh (even though many have actually become dependent on Medicaid, a
joint state-federal welfare program, instead of actual insurance) one quarter of
us still have trouble paying medical bills.
- In 2015, 15 percent spent gall or mosth of their savings on medical bills.
In 2005, it was 12 percent.
- In 2015, 10 percent gborrowed money from friends or familyh and nine
percent gincreased credit card debt.h In 2005, eight percent reported
gborrowing money or taking out another mortgage.h
- In 2015, 32 percent gput off/postponed getting health care you needed.h In
2005, 29 percent of adults report gthey or someone in their household skipped
medical treatment, cut pills, or did not fill a prescription in the past year
because of the cost.h
- In 2015, three percent declared personal bankruptcy because of medical
bills, the same as 2005.
What is also interesting is that although respondents blame drug companies
and insurers for the high cost of health care, the cost of seeing a physician
was a bigger contributor to trouble paying medical bills than the cost of
prescriptions. In 2015, 65 percent of those who had trouble paying medical bills
struggled to pay for doctor visits, but only 52 percent struggled to pay for
prescriptions. In 2005, the proportions were 85 percent and 56 percent.
Further, individuals are still struggling to succeed as consumers:
- In 2015, 10 percent tried to negotiate with a doctor, hospital, or other
provider, versus 11 percent in 2005.
- In 2015, 34 percent said their doctor never explained the cost of
a procedure and 29 percent said it rarely This looks to have
deteriorated since 2005, when 35 percent said costs were never explained, but
only 17 percent said costs were rarely explained.
Despite headlines proclaiming a significant decline the share of Americans
without insurance, it appears Obamacare failed to improve peoplefs financial
ability to pay for health care.