Healthcare Affordability Crisis in the U.S. Revealed by Gallup Survey

A recent Gallup Healthcare Affordability Index highlights a significant struggle among nearly half of Americans to afford healthcare and prescriptions. The survey, conducted in partnership with West Health, found that 37% of respondents either could not pay for necessary medical care or faced barriers in accessing it. An additional 8% reported being unable to afford care and would not be able to seek immediate assistance if needed. The survey, which included over 5,000 adults, indicates a troubling decline in the percentage of individuals classified as “cost-secure.” This group, which experienced no recent issues affording healthcare, dropped from 61% in 2022 to 55% in 2023. While seniors aged 65 and older reported higher levels of cost security compared to younger demographics, their situation has also worsened, with the percentage of cost-secure seniors falling from 79% to 71% over the past year. Younger adults, particularly those aged 18 to 49, faced the most significant challenges, with only 47% able to afford healthcare and medications. The study identified “cost-desperate” individuals, who were disproportionately likely to cut back on essentials like food and utilities to manage medical expenses. Alarmingly, this group was also seven times more likely to have lost a loved one due to unaffordable medical care. As the 2024 election approaches, healthcare costs remain a pressing concern for voters, with a January poll revealing that 48% of respondents viewed healthcare expenses as a negative economic factor. Nearly three-quarters expressed significant worry about unexpected medical bills, underscoring the urgent need for solutions to the affordability crisis.