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Gallup: Americans Don’t Know What Their Healthcare Costs
By Matt De Vlieger · February 1, 2024
Price Blindness
Only 17% of U.S. adults know the cost of their healthcare services before receiving them, indicating a widespread lack of awareness across demographic groups.
CAnva
Cost Confusion
The
Bentley-Gallup Business in Society Report
, based on a survey of 5,458 U.S. adults, highlights widespread concerns about healthcare cost transparency.
Canva
Spending Surges:
Healthcare spending in the U.S. reached a record $4.5 trillion in 2022, with individuals facing costs of $13,493 per person, leading to a growing number of Americans postponing medical care due to financial constraints.
Canva
Transparency Dilemma
95% of Americans believe healthcare organizations should provide clearer cost information before delivering care, reflecting a desire for greater transparency.
Gallup
Quality Perception
Most Americans, regardless of demographic background, feel that the cost of healthcare services does not accurately reflect their quality, with only about 30% believing otherwise.
Gallup
Delayed Care
Despite increasing healthcare costs, Americans are finding it challenging to access crucial information about the cost of their healthcare services, exacerbating concerns about transparency.
Canva
Information Deficit
The lack of upfront cost knowledge before receiving healthcare services underscores a broader societal issue of inadequate transparency in healthcare.
Canva
Transparency Gap
These findings suggest a disconnect between the desire for clearer healthcare cost information and the current reality of limited transparency.
Canva
Desire vs Reality
Improved transparency in healthcare costs is crucial for addressing the growing concerns among Americans and ensuring informed decision-making regarding healthcare services.
Canva
Clarity Crisis
As healthcare costs continue to rise, there is a pressing need for healthcare organizations to prioritize transparency and provide clearer information about the costs of their services to meet the expectations of the American public.
Canva