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Affordable Care Act

Americans Fear Personal and National Healthcare Cost Crisis


(Gallup) – Recent research by West Health and Gallup discovered that American adults fear a major health event could lead to bankruptcy, that the U.S. economy is in significant danger and that the U.S. government is ill-equipped to address rising healthcare costs in a significant way. The study findings are based on a nationally representative survey of more than 3,500 randomly selected U.S. adults.

The study revealed more than 3 in 4 Americans believe they pay ‘too much’ for healthcare relative to the quality of care they receive. Furthermore, 45% of the American public is concerned that a major health event could result in personal bankruptcy. Surprisingly, this concern remains relevant for Americans in the top 10% of earners. Of Americans who reported earning more than $180,000 a year, 1 in 3 were “concerned” or “extremely concerned” that a major health event could result in personal bankruptcy.

45% of American adults fear a major health event will leave them bankrupt

But the anxiety induced by healthcare costs goes beyond worry over personal finances. Three quarters of Americans (77%) say they are concerned healthcare costs will result in significant and lasting damage to the U.S. economy.

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