Out-of-Pocket Healthcare Expenditures in the United States 2015 - 2009-2014 Analysis & Forecasts to 2019

DUBLIN, July 24, 2015 /PRNewswire/ -- Research and Markets (http://www.researchandmarkets.com/research/jkp3kf/outofpocket) has announced the addition of the "Out-of-Pocket Healthcare Expenditures in the United States" report to their offering.

Out-of-pocket expenditures for health care products and services in the United States continue to rise and in 2015 represent a significant portion of consumers' incomes. This is the result of a variety of factors including an aging U.S. population, rising utilization of medical products and services, and ongoing cutbacks to both public (federal and state) and private health coverage. Over the years, U.S. consumers' annual out-of-pocket health care costs have risen from about $250 per person in 1980 to $1,300 in 2015, with yearly increases of about $40 to $50. Increases for health plan premiums, in particular, have outpaced increases in overall prices and workers' earnings.

Out-of-Pocket Spending n the United States, details the trend of consumers purchasing their healthcare with their own cash or credit cards and/or various financing programs. Included in this report's analysis is the following:

Total Spending By Consumers

• Proportion That is Cash, Credit Card, HSA and Other Programs
• Co-Pay Spending, 2009-2014 and Projected to 2019
• Premium Spending, 2009-2014 and Projected to 2019
• Direct Healthcare Purchases, 2009-2014 and Projected to 2019
• Elective Spending
• Non-Elective Spending

Consumers in the United States utilize a variety of methods to pay for health care products and services. These are required in instances when payment is not made directly from a health care plan directly to the provider.

The key payment methods utilized are:

• Cash or check;
• Credit cards;
• Loans and lines of credit;
• Flexible spending accounts;
• Health savings accounts;
• Medical financing.

Consumers from all socioeconomic groups are facing high out-of-pocket expenditures for health care. However, certain groups are more vulnerable to this threat and represent a larger proportion of total such spending.

These include:

• The uninsured and underinsured;
• Medicaid recipients;
• Disabled persons;
• Senior citizens;
• The mentally ill;
• Obese persons;
• persons with chronic medical conditions.

For more information visit http://www.researchandmarkets.com/research/jkp3kf/outofpocket

Media Contact:

Laura Wood, +353-1-481-1716, [email protected]

SOURCE Research and Markets

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