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UrduWhen it comes to having surgery, older adults don’t just base their decision on how much pain they’ll feel and how quickly they’ll recover, a new study finds.
Tag: Out Of Pocket Costs
Low-cost generic drug programs have large gaps in coverage for core evidence-based CVD medications
A cross-sectional study of 19 low-cost generic programs (LCGPs) found that their medication coverage for six cardiovascular diseases (CVD) varied significantly between programs. Of all analyzed programs, Mark Cuban Cost Plus Drug Company demonstrated the most comprehensive coverage for all diseases included in the study. The findings are published in Annals of Internal Medicine.
Pharmacy Discount Card Programs Like Amazon Prime and GoodRx Gold Could Save Patients Millions Of Dollars In Out-of-Pocket Costs For Commonly Prescribed Generic Medications
A nationally representative study found that at least one out of five prescriptions for commonly prescribed generic medications were cheaper through Amazon Prime or GoodRx Gold discount cards compared to actual out-of-pocket (OOP) payments made by patients.
Cost concerns keep older adults from seeking emergency care
Worries about what emergency care might cost them have kept some older adults from seeking medical attention even when they felt they might need it, a new study shows. In all, 22% of older adults who may have needed care from the emergency department didn’t go because of concerns about what they might have to pay.
New Study Shows Patients Paying More Out-of-Pocket Costs for Cancer Care
A new, large study led by researchers at the American Cancer Society and The University of Texas MD Anderson Cancer Center shows rising costs of cancer treatments led to increases in total costs of care, and when compounded with greater cost sharing, increased out-of-pocket costs for privately insured, patients under 65 years old.
Expert on out-of-pocket health costs available to comment on Texas court ruling overturning free preventive care
For more than two decades, A. Mark Fendrick, M.D., has studied how the amount of money a patient has to pay out of their own pocket for health care affects the amount and type of care they receive. He is…
Turning 65 means a lot for Americans’ wallets, health spending study finds
Lowering the age when older adults can enroll in Medicare might save them a lot of money, even if the age drops only a year or two from the current age of 65, a new study suggests. Such a change could especially affect the small percentage of people in their early 60s who spend a major chunk of their disposable income on health costs.
As insurers end grace period for COVID-19 hospital costs, study estimates potential bills
Hospital care for COVID-19 has been free to most patients, but insurance companies may be ending that. A study of flu-related hospital bills suggests a coronavirus hospital stay could now cost patients $1,000 out of their own pocket, on average.
Neurology Patients Faced with Rising Out-of-Pocket Costs for Tests, Office Visits
Just like with drug costs, the amount of money people pay out-of-pocket for diagnostic tests and office visits for neurologic conditions has risen over 15 years, according to a new study published in the December 23, 2020, online issue of Neurology®, the medical journal of the American Academy of Neurology.
Eleven Provider and Patient Organizations Join the American College of Rheumatology to Oppose UnitedHealthcare Copay Accumulator Initiative
Eleven provider and patient organizations have joined the American College of Rheumatology (ACR) to petition UnitedHealthcare (UHC) to cancel plans to implement a proposed copay accumulator initiative that would require physicians to share details about their patients’ usage of copay assistance programs. The initiative would prevent funds from assistance programs from being applied towards patients’ annual deductible and out-of-pocket maximums. The groups warn that this would jeopardize patient access to medically necessary therapies by increasing the financial burden of care and lead to an increase in treatment abandonment.
Many medical “rainy day” accounts aren’t getting opened or filled, study finds
One-third of the people who could benefit from a special type of savings account to cushion the blow of their health plan deductible aren’t doing so, according to a new study. And even among people who do open a health savings account (HSA), half haven’t put any money into it in the past year.