Systemic Healthcare Inequity Costs Us Billions
By 2040, preventable health inequities will cost Americans $1 trillion annually.
34% of people earning less than $40,000 per year delay or decline to pursue care, almost twice the rate of persons earning more than $100,000 (18%).
Women pay $15.4 billion more in OOP costs which will increase as prices rise. 32% of women are also more likely to delay care, compared to 20% of men.
Sources
Deloitte Analysis: Health Care Costs for Average American Could Triple by 2040 if Health Inequities are Unaddressed While Annual Spending Could Exceed $1 Trillion
Findings signal a looming crisis for the health care industry and an impact on patients’ health and wallet that no one can afford.
Record High in U.S. Put Off Medical Care Due to Cost in 2022
The percentage of Americans reporting they or a family member postponed medical treatment in 2022 due to cost rose 12 points in one year, to 38%, the highest in Gallup’s 22-year analysis.
The Economic Burden of Racial, Ethnic, and Educational Health Inequities in the U.S.
In 2018, the economic burden of health inequities for racial and ethnic minority populations (American Indian and Alaska Native, Asian, Black, Latino, and Native Hawaiian and Other Pacific Islander populations) was $421 billion - $451 billion and the economic burden of health inequities for adults without a 4-year college degree was $940 billion - $978 billion, according to 2 data sources, respectively.