Healthcare Costs: The Leading Cause of Bankruptcy
Channel: Mercer
Date: 2018-08-03

Mercer | https://bit.ly/2n9OAMk | Mercer Dr. Lorna Friedman 2018 Medical Trends Around the World – Healthcare Costs: The #1 Reason for Bankruptcy

They probably anywhere to 40 to 60 percent of healthcare costs are, are really out of pocket. It's the number one reason for bankruptcy in many, many places. So affordable healthcare is really imperative for individuals. It is certainly imperative for employers and governments. We know that coverage for healthcare allows people to be more compliant and manage their diabetes and their hypertension. They had two times more likely to be taking their medication. And importantly, it allows them access to prevention, vaccines, medications, screenings, wellbeing programs that really decrease the risk of healthcare costs.  

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