We use cookies, including third-party cookies from Google to serve personalized ads through AdSense, to operate this site and understand how it is used. By continuing to browse, you accept this use. See our Privacy Policy and Terms of Use for details, including how to opt out of personalized advertising.
Accept
Health Works CollectiveHealth Works CollectiveHealth Works Collective
  • Health
    • Mental Health
  • Policy and Law
    • Global Healthcare
    • Medical Ethics
  • Medical Innovations
  • News
  • Wellness
  • Tech
Search
© 2023 HealthWorks Collective. All Rights Reserved.
Reading: Consumer Price Sensitivity: From Cuts to Value Seeking
Share
Notification Show More
Font ResizerAa
Health Works CollectiveHealth Works Collective
Font ResizerAa
Search
Follow US
  • About
  • Contact
  • Privacy
© 2023 HealthWorks Collective. All Rights Reserved.
Health Works Collective > Policy & Law > Health Reform > Consumer Price Sensitivity: From Cuts to Value Seeking
Health Reform

Consumer Price Sensitivity: From Cuts to Value Seeking

DavidEWilliams
DavidEWilliams
Share
3 Min Read
SHARE

Consumer Reports notes that patients are avoiding filling prescriptions and seeing the doctor due to financial pressures. From Bloomberg (More Americans Skipping Medical Care to Save):

Consumer Reports notes that patients are avoiding filling prescriptions and seeing the doctor due to financial pressures. From Bloomberg (More Americans Skipping Medical Care to Save):

Almost half of the 1,226 consumers taking at least one medication said they didn’t fill prescriptions, took less medicine than a prescribed dose or failed to undergo a medical test advised by their physician, according to the survey. That’s 9 percentage points higher than the 39 percent reported in 2010 by the annual survey.

Even with the U.S. recession ending more than two years ago, one in six American households and one in four with incomes less than $50,000 told Yonkers, New York-based Consumer Reports that they felt stress over how much they must spend on medical care. The pressure is prompting consumers to pursue potentially dangerous strategies for coping, said John Santa, director of Consumer Reports’ Health Ratings Center.

More Read

Healthcare 2014
Healthcare 2014: A Retrospective
The Complicated Issue of Medical Poverty
Why Is There a Problem with Health Care Quality?
Are There Differences in Medicare Spending Across States?
Texas Finishes at Bottom of Federal Survey of Care Delivery

“The rising percentage of people putting off health care makes us wonder if we are really done with the recession,” Santa, a physician, said in a telephone interview. “This is one of the most sensitive barometers of how people are coping with the financial pressures.”

In the past efforts to control health care costs have faltered partly due to consumers’ perceptions that more care is better. That’s changing now, thanks to higher consumer exposure to medical costs –even among those who are insured– and more exposure to information about some of the perils of overtreatment.

It’s unfortunate that so many are straining to afford care, and I hope the recession lifts and all boats rise. Still, I’m hopeful that when/if health care gets easier for consumers to afford they will become more discerning about the kinds of care they seek out. I hope tools that provide transparency –not just of price but of efficacy– will become more widely available. It’s good to see Consumer Reports getting into the fray, as they are a trusted, credible source.

 


TAGGED:financial pressuresmedical economics
Share This Article
Facebook Copy Link Print
Share

Stay Connected

1.5KFollowersLike
4.5KFollowersFollow
2.8KFollowersPin
136KSubscribersSubscribe

Latest News

What Hospitals Need to Know About EU MDR -- AI-generated illustration
What Hospitals Need to Know About EU MDR
Business Hospital Administration
August 18, 2026
How to Choose an On-Demand Medical Interpreting Provider for Your Hospital -- AI-generated illustration
How to Choose an On-Demand Medical Interpreting Provider for Your Hospital
Health care
August 12, 2026
The Chemistry Of Drug Consistency -- AI-generated illustration
The Chemistry Of Drug Consistency
Policy & Law
August 12, 2026
Dental Materials Through The Decades -- AI-generated illustration
Dental Materials Through The Decades
Dental health Infographics Specialties
August 12, 2026

You Might also Like

siemens healthcare
BusinessHealth ReformPolicy & LawTechnology

RSNA 2013: Obamacare and Manufacturers – A Siemens Perspective

December 4, 2013

Can “Portfolio Theory” Be Applied to NIH Funding Decisions?

May 18, 2012

Where the US Lags Italy in Healthcare

June 1, 2015

Readmissions and Consumer Engagement

October 24, 2012
Subscribe
Subscribe to our newsletter to get our newest articles instantly!
Follow US
© 2008-2026 HealthWorks Collective. All Rights Reserved.
  • About
  • Contact
  • Privacy
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?