Inflation is Impacting Healthcare Decisions of Nearly 40% of Americans

The rising cost of healthcare has been exacerbated by inflation, impacting the healthcare decisions of almost 40% of US residents. A newly published West Health/Gallup shows healthcare cost increases have caused a large swath of the population to delay or miss healthcare, cut expenses, and incur debt. The survey also indicates that the impact of inflation was not uniform amongst different groups.

According to Todd Shryock, “While half of adults in households earning less than $48,000 per year report cutting spending, the effects also extend to more influential households. For those earning at least $180,000, 19% said they have pared back spending to pay for health care. According to the report, women under 50 are disproportionately being compelled to cut back on health care with 36% reporting they have done so, compared to 22% of men. having done so, compared with 22% of men.”

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(Source: Medical Economics, August 11th, 2022)