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Inovalon Blog: As Healthcare Costs Increase, Cost-of-Care Discussions Can be Make or Break for Patients

Source Inovalon, Inc.
Published Date 3/12/2019
Healthcare spending has reached astronomical figures, exceeding $3 trillion a year and straining the budgets of patients, according to CMS. Over the past decade, the percentage of patients who spend $1,000 or more out of pocket for healthcare each year has increased from 17 to 24%. Rising healthcare costs are no secret—not to providers, not to health plans and not to patients. But those costs are rarely discussed openly with patients. ...
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