Consumers are able to see price information and compare cost when purchasing just about any other goods and services. Can you imagine buying a TV, car, computer or home without knowing the price?
Why should purchasing healthcare services be any different?
- 1 out of 10 people skip their medication due to the high cost of drugs (CDC, 2015).
- Unpaid medical bills are the #1 reason for bankruptcy, outpacing credit card debt and unpaid mortgages (CNBC, Jun 2013).
- 62% of all bankruptcies are filed by people who couldn’t pay their medical bills; 75% of those people had medical insurance (Harvard Medicine & Law, 2007).
- $10,473 – what an average family spends per year in payroll deduction and Out Of Pocket (OOP) expenses (Milliman Health Index, 2015). This is more than what they will spend on groceries in the same year.
When you are a HEALTHPOYNT® member your PoyntPerson℠ will provide an individualized cost analysis (PricePoynt Report) for every healthcare service you purchase.