The Hidden Costs of U.S. Health Care for ConsumersNew study explores financial implications of the health care industry on households |
Consumers spent $363* billion, or 14.7 percent, more for health care goods and services in 2009 than is captured in official government accounts. These out-of-pocket (OOP) medical costs include products and services not covered by insurance programs, purchases that are outside of conventional therapies and treatments, and care for others, which accounts for $199 billion of the total.
Out-of-pocket health care costs are a substantial and increasing burden; among the hardest-hit consumers are those with medical problems, seniors, and caregivers. Consumers are concerned about these costs and are acting to avoid higher exposure.
“The Hidden Costs of U.S. Health Care for Consumers: A Comprehensive Analysis,” a new study jointly conducted by the Deloitte Center for Health Solutions and the Deloitte Center for Financial Services, provides an important view of how consumers engage today in purchasing health care products and services.
Explore the research in more detail below.
* Note: Inclusive of estimates of Complementary and Alternative Medicine (CAM). The extent and composition of the CAM sector is not well established, thus if certain categories of CAM are excluded, the figure is $358 billion.
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Executive Summary: The Hidden Costs of U.S. Health Care for Consumers: A Comprehensive Analysis
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Methodology: The Hidden Costs of U.S. Health Care for Consumers: A Comprehensive Analysis
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Study Highlights: The Hidden Costs of U.S. Health Care for Consumers: A Comprehensive Analysis
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Implications: The Hidden Costs of U.S. Health Care for Consumers: A Comprehensive Analysis
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