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Healthcare Consumerism Approaching Perilous Crossroads ~HealthLeaders Media

In an ominous symptom of consumerism, patients overburdened by financial obligations are constricting cash flow to providers. “For households with limited resources, the simple fact is that the growing financial responsibility for out-of-pocket healthcare expense must compete with other more formal and established forms of debt, such as mortgages, credit cards, and student loans, effectively tying the future financial position of hospitals much more directly to the economic cycle than at any time since the advent of health insurance.”

Christopher Cheney, March 13, 2017 | HealthLeaders Media
“It is not like building cars. Healthcare is about people’s lives and the quality of life. Most people are going to be alive for a long time, and healthcare helps determine the quality of the life you are going to have.”

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