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Financialization’s Impact on Medical Debt in the U.S. Healthcare System and on Disenfranchised Communities, Advocacy and Policy Responses
Authors: Alexandra Allen, MSPPM, Britt Sanderson, MS, MPH Executive Summary The financialization of the U.S. health care sector has fundamentally reshaped the way care is delivered and paid for, worsening medical debt and deepening imbalances. Building on systemic barriers that creates racially stratified health insurance products[1],[2] and suppresses the political and economic power of people […]
Read MoreSouth Dakota Survey Finds Residents Struggle with Healthcare Costs
Many South Dakotans struggle with healthcare costs and worry about affording future care, reports Mitchell Now. According to a national survey from the West Health-Gallup Center for Healthcare in America, nearly half of South Dakotans worry they won’t be able to afford needed healthcare in the coming year, over one third had concerns about paying […]
Read MorePoll: Californians’ Express Concerns about Health Care Costs and Mental Health Access
A recent statewide poll in California found that a large majority of voters are concerned about healthcare costs, reports Cal Matters. The survey found that nearly 90% of people polled statewide said they’d like to see the next governor prioritize caps on out-of-pocket health costs. Many respondents also reported mental health access as a key concern, and […]
Read MoreMinnesotans’ Health Care Costs Rose as Usage Dropped From 2019 To 2023
A recent report shows that in Minnesota per-person health care spending among commercially insured residents under age 65 rose from about $6,224 in 2019 to $7,154 in 2023, an increase of roughly 15 percent, reports the Minnesota Reformer. Simultaneously, total usage of health care services fell during that period, meaning that spending went up even as people […]
Read MoreReport: Rising Costs, Reduced Enrollment, Long Wait times in NM Medicaid
New Mexico Medicaid spending is increasing amid reports that patients encounter longer wait times for appointments and may forego preventive or low-acuity care, reports Source NM. Rising costs and delays can raise the effective cost of care for enrollees through worsening conditions, higher use of emergency services, or increased personal cost-sharing. The article emphasizes that affordability is […]
Read MoreOhio Residents Face High Health Care Costs
Ohio residents face high out-of-pocket costs and racial disparities in going without care due to cost, reports NBC4 Columbus. According to the report from the Health Policy Institute of Ohio, one in five Ohioans admitted to having a difficult time keeping up with paying their medical bills in 2023, and nearly one in five Ohioans lived in families […]
Read MoreCT OHS Adopts Healthcare Cost Growth, Primary Care Spending Benchmarks For 2026-30
The state Office of Health Strategy (OHS) announced Monday that it has adopted cost growth benchmarks and primary care spending targets for the next five years, reports the Hartford Business Journal. The benchmarks set a 2.8% annual cap on health care cost growth and require 10% of all spending to be allocated to primary care.
Read MoreReport: Connecticut Proposes Cost and Quality Benchmarks for Health Care
Connecticut has released proposed cost growth and quality benchmarks as part of its Healthcare Benchmark Initiative, reports the Connecticut Office of Health Strategy. The suggested annual cost growth target is 2.8%, aligned with projected median household income. The report also includes primary care spending goals and quality metrics for the next five years. Public feedback […]
Read MoreNew Legislation Allowing Hospital Rate Cuts To Prevent Insurer Insolvency
The Green Mountain Care Board now has authority to lower hospital reimbursement rates if an insurer is at risk of insolvency, reports Becker’s Payer Issues. The new law allows the board to act when an insurer’s financial condition threatens its ability to pay claims. This measure aims to protect consumers by maintaining the stability of […]
Read MoreHealth Care Spending in MN Increases; State Turns Focus to Solutions
Health care spending increased 15% from 2021 to 2022, reaching $6,813 among non-elderly Minnesota adults with private health insurance, reports The Minnesota Star Tribune. The data indicates that rising prices, not increased utilization, is the driving force behind the surge. In response, the state has enacted measures like creating a prescription drug affordability board and requiring […]
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