Medical costs create hardships for more than half of Americans

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Medical costs create hardships for more than half of Americans Empty Medical costs create hardships for more than half of Americans

Post by phildidge on Thu May 02, 2019 8:50 pm

A new study by American Cancer Society researchers finds medical financial hardship is very common among people in the United States, with more than half reporting problems with affordability, stress, or delaying care because of cost. The study, appearing early online in the Journal of General Internal Medicine, estimates more than 100 million people in the U.S. experience medical financial hardship.

High out-of-pocket spending for medical care is an increasingly critical issue for patients in the United States. It can lead to a depletion of assets and medical debt, as well as distress and worry about household finances. Patients may delay or forgo needed medical care because of cost, jeopardizing benefits of treatment. Illness can also impact the ability to work and reduce productivity, limiting household income, and potentially reducing access to employer-sponsored health insurance in the working age population ages 18-64 years.


https://www.sciencedaily.com/releases/2019/05/190502100818.htm


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Medical costs create hardships for more than half of Americans Empty Re: Medical costs create hardships for more than half of Americans

Post by WhoseYourWolfie on Fri May 03, 2019 2:24 am

Medical costs create hardships for more than half of Americans 1399249160

The inevitable end result of what happens when the government deregulates the health system to such a degree,  that those corporations operating health funds and hospitals in the USA are allowed to work on 50% profit margins on their turnovers...

Essentially, the US guvm'nt has given them a lawfully mandated oligopoly system, that produces medical and health costs double that for the equivalent services in Australia, Canada, Britain, France, New Zealand, Japan, Singapore, etc..

And the authorities over there laughingly call it "free market capitalism in action", when it's the very opposite -- a gov't protected 'closed market' oligopoly, where the "regulators" are actually working for their corporate masters, rather than the American public at large.

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