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SCOTUS Decision on Healthcare Tax Credits Doesn't Solve Healthcare Affordability Crisis: CarePayment CEOStatement from Craig Hodges, CEO of patient financing firm CarePayment, about the Supreme Court decision in King v. Burwell. This decision supports millions in America who struggle to pay for medical care. It will help families and individuals continue to afford essential health insurance coverage. But tax credits alone cannot close the widening healthcare affordability gap due to high deductibles and other rising out-of-pocket medical costs. Healthcare costs are squeezing the working-class and middle-class who are the backbone of the U.S. economy. With annual family deductibles as high as $10,000, people are avoiding care because of cost: 49% of adults said they skipped treatment for "somewhat serious" medical concerns and 17% went without care for "very serious" conditions, according to a recent Gallup poll. Like buying a car or a home, healthcare increasingly is a major purchase for people, and we should treat it as such. Healthcare providers across the ountry are starting to offer cost estimates, upfront financial counseling and assistance to patients. But more can and must be done to enable people to pay for medical services affordably and over time, without the fear of hidden fees, ballooning interest rates or impact on credit scores. People shouldn't have to choose between paying their electric bill or getting necessary medical treatment. Protecting patients' financial health requires practical, proven and flexible approaches that help people receive and pay for the care they need and compensate doctors, hospitals and other providers for their services so they can continue to serve their communities. For media interviews with Hodges, contact Lois Padovani at [email protected] or 773-501-8744 About CarePayment Headquartered in Lake Oswego, Oregon, CarePayment is a patient financial engagement company that accelerates providers' transition to the new consumer-driven healthcare market. Powered by advanced technology and analytics, our innovative patient financing solutions improve patient satisfaction and loyalty while delivering superior financial results. By partnering with healthcare providers to make affordable financial options available, CarePayment helps patients get the care they need, when they need it, while protecting the financial health of provider organizations so they can continue to offer valuable care to the community. The CarePayment 0.00% APR payment program is compliant with applicable state and federal consumer credit laws, requires no application, and is supported by a friendly US-based customer service staff. Accounts for the program are issued by WebBank of Salt Lake City, UT. Find more information at www.carepayment.com View source version on businesswire.com: http://www.businesswire.com/news/home/20150625006043/en/ |
