Americans borrowed US$88b to pay for healthcare last year, survey finds

NEW YORK - Americans borrowed an estimated US$88 billion over the last year to pay for healthcare, according to a survey released on Tuesday by Gallup and the non-profit West Health.

But Democrats and Republicans had similar responses about putting off medical treatment. Asked if they had deferred treatment because of the cost, 27 per cent of Democrats said they had, compared with 21 per cent of Republicans and 30 per cent of independents. "Our data shows an American public that's beaten down from this really serious issue," said Mr Dan Witters, a senior researcher at Gallup.

Even among households earning US$180,000 or more a year, a third of respondents said they were concerned about the spectre of personal bankruptcy due to a health crisis. Most survey respondents said they believed that Americans were paying too much for healthcare relative to what they receive. Lash noted that other wealthy countries spend much less on healthcare than the United States does, while achieving better outcomes in areas like life expectancy and infant mortality. Although about 87 per cent of Americans have health insurance, according to data from Gallup, an individual's plan may not cover all costs associated with treatment.

Source: Healthcare Press (healthcarepress.net)

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