Americans worried about healthcare costs, confused on single payer

Most Americans are worried about the cost of healthcare and confused about a single payer system concept, according to a new survey conducted by non-profit The Physicians Foundation.

The 2019 Survey of America’s Patients, conducted online on a biennial basis, looks at American attitudes on the physician-patient relationship, healthcare costs and drivers of health outcomes. The 2019 survey queried more than 2,000 Americans.

The findings come at a time when Americans are seeing rising deductibles and overall healthcare costs. Voters are also seeing Democratic presidential candidates offer up various healthcare plans, many of which include Medicare for all options––but there is confusion on what universal healthcare, or a single payer system, means.

Top findings

Nearly three-quarters of respondents (73%) said they are concerned about their ability to pay for medical care if they were sick or injured. Another half of Americans are worried they're just one sickness away from being in serious financial trouble. Most are also worried about costs in the future (84%), and 42% could only afford medical bills of $500 or more before they run into financial issues. Americans are split about where the blame of higher healthcare costs lie: 62% say prescription drugs and 49% point to hospital costs.

While several 2020 presidential candidates have adopted Medicare for all proposals, including Sens. Bernie Sanders (I-VT) and Elizabeth Warren (D-MA), 22% of Americans don’t even know what single payer healthcare means, according to the survey. And 77% cannot agree on one definition of the term.

“The politicians leading conversations on health reform need to do a better job explaining such policies and interacting with patients directly to gain their perspective,” the survey reads.

Medicare for all has seen national approval ratings around 50% over the last year, but 55% of Americans in the survey said they are more likely to vote for a candidate who advocates for expanding private insurance reforms.

When it comes to reforms, Americans also want more action on stemming the opioid crisis. More than one-third of Americans know someone who has abused or is addicted to opioids and 21% know someone who has died. More than half of Americans also say pharmaceutical companies are to blame, while 39% say physicians are the top problem in the crisis.

Physician-patient relationship

The survey also asked participants about their physician-patient relationship, revealing that 92% are satisfied with their relationship with their primary care physician. However, patients mostly agreed (71%) that ultimate decisions about their healthcare should be a collaboration with their physician and 65% said their doctor’s time is always limited. More than half (60%) also said their physician’s opinion should outweigh that of their insurer.

“Given the current state of the patient experience, physicians should be leading our health care system, not insurers or pharmaceutical company executives,” the report reads. “There is a clear consensus among America’s patients that physicians are guardians of quality and must be recognized as the key decision-makers for patient care.”

Amy Baxter

Amy joined TriMed Media as a Senior Writer for HealthExec after covering home care for three years. When not writing about all things healthcare, she fulfills her lifelong dream of becoming a pirate by sailing in regattas and enjoying rum. Fun fact: she sailed 333 miles across Lake Michigan in the Chicago Yacht Club "Race to Mackinac."

Around the web

Compensation for heart specialists continues to climb. What does this say about cardiology as a whole? Could private equity's rising influence bring about change? We spoke to MedAxiom CEO Jerry Blackwell, MD, MBA, a veteran cardiologist himself, to learn more.

The American College of Cardiology has shared its perspective on new CMS payment policies, highlighting revenue concerns while providing key details for cardiologists and other cardiology professionals. 

As debate simmers over how best to regulate AI, experts continue to offer guidance on where to start, how to proceed and what to emphasize. A new resource models its recommendations on what its authors call the “SETO Loop.”