- Rapid growth in the cost of U.S. health care has put sustained downward pressure on wages and incomes.
- Healthcare prices are still rising faster than overall prices. Premium prices in the employer-sponsored insurance system have risen rapidly over the past two decades
- Prices have risen, allowing healthcare providers and insurers to extract a rising share of economic output.
- Among industrialized nations, the U.S. has the highest health care costs and below average quality and utilization.
KEY TAKEAWAY: TransUnion Healthcare found patients’ average out-of-pocket costs rose to $1,813 in the fourth quarter of 2017, up 11 percent from $1,630 in the same period the year prior. The analysis also broke down the amount of patient out-of-pocket costs. TransUnion Healthcare said researchers found, on average, nearly half of patients out-of-pocket costs per healthcare visit (49 percent) were lower than $500 in 2017. Thirty-nine percent were $501 to $1,000; and 12 percent exceeded $1,000. Continue reading