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Filed under: Health Law & Policy, Practice Management | Tagged: Healthcare Price Transparency Laws |
The Leading Business Education Network for Doctors, Financial Advisors and Health Industry Consultants 
Healthcare Prices Have Increased 21.6% Since 2007
Kaiser Family Foundation recently released an analysis on healthcare price trends. Here are some key findings from the report:
• Since 2007, healthcare prices have risen 21.6%, vs. 17.3% for the general economy.
• Between 2014 and 2018, inpatient prices for privately insured patients rose 13%.
• In 2015, inpatient prices for private patients were 68% above those for Medicare.
• Outpatient visit prices rose 69%, from $60 in 2003 to $101 in 2016.
Source: Peterson-Kaiser Health System Tracker, May 8, 2018
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21% of Gen Z Consumers Are Dissatisfied With Healthcare Cost Transparency
Accenture recently released their 2019 Digital Health Consumer Survey. Here are some key findings regarding Gen Z consumers:
• 55% of Gen Z individuals (born after 1997) have a primary care physician (PCP).
• 1 in 3 Gen Z are dissatisfied or very dissatisfied with treatment effectiveness.
• 21% of Gen Z are dissatisfied or very dissatisfied with cost transparency.
• 1 in 5 Gen Z would like a PCP but have not found one that meets their needs.
LINK: https://www.accenture.com/t00010101T000000Z__w__/au-en/_acnmedia/PDF-94/Accenture-2019-Digital-Health-Consumer-Survey.pdf
Source: Accenture, February 2019
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