Good health is priceless, but the path to achieving it can unfortunately come with high costs. Consumers’ concerns about paying for healthcare are rising. Approximately 72 million U.S. adults felt less prepared to pay unexpected healthcare costs in 2022 than they did in 2021, according to a survey by consulting firm Deloitte.
Facing the high cost of healthcare can be daunting, but you can pursue an array of options to reduce healthcare costs. From taking advantage of preventive healthcare to opting for generic drugs and negotiating medical bills, the options for paying less to achieve and maintain good health are definitely worth learning.
Why It’s Important to Reduce Healthcare Costs: Trends in Healthcare Expenditures
Trends in what consumers pay for healthcare make it clear that knowing how to reduce healthcare costs is undeniably valuable.
Healthcare Costs Are Rising
Per capita, out-of-pocket expenditures for healthcare in the U.S. rose nearly 28% from 2012 to 2021 (from $1,030.80 to $1,314.60), according to a report by the Peterson Center on Healthcare and KFF (formerly known as the Kaiser Family Foundation). When that cost is multiplied by the average household size of 2.5 people, it’s not hard to see why consumers are concerned about the cost of healthcare.