With the growing momentum behind a value-based care system, it’s crucial to create an expanded framework to guarantee patients’ needs are met.
In the current marketplace, more than 1 in 4 Americans say they have trouble paying off their medical bills; roughly 79 percent of cancer patients report severe financial blow-back related to their health care. Families in low-income brackets reportedly spend approximately 20 percent of their earnings on health expenses, with or without low- or no-deductible plans.
As a whole, 18 percent of our gross domestic product is spent on health services. And as health care spending continues to surge, it is of the utmost importance patients are getting the best bang for their buck.
(Source: Health Affairs Blog, May 23, 2017)