Almost half (46%) of Americans surveyed admit healthcare bills have put them in debt, according to new research conducted on behalf of Babylon, a global digital-first healthcare company. The survey was conducted by One Poll on behalf of Babylon between August 8 – 15, 2022. 5,000 US adults were surveyed.
One in 10 Americans (10%), according to the survey, reveal that they would not be able to afford any out-of-pocket expenses if they had a health emergency. Meanwhile, 11% would only be able to afford up to $50 and an additional 11% would be able to afford up to $100.
According to the Centers for Medicare & Medicaid Services (CMS), by the end of 2022, out-of-pocket spending growth is projected to continue accelerating to 6.1% from 4.2% in 2020.
While all U.S. adults are advised to have a healthcare savings fund, this is not feasible for everyone. Almost six in 10 Americans (58%) who were polled do not have a dedicated savings fund for healthcare emergencies, while 38% do.
- Babylon: Almost Half of Americans Surveyed Admit Healthcare Bills Have Put Them in Debt (10/25/2022)