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The Hidden Costs of U.S. Health Care for Consumers

July 14, 2011 Comments off

The Hidden Costs of U.S. Health Care for Consumers
Source: Deloitte
From press release:

Rising health care costs, coupled with the current state of the economy, have prompted many consumers across the globe to delay care, alter household spending and worry about their ability to pay for future health care costs according to the 4th annual Deloitte Center for Health Solutions “2011 Survey of Health Care Consumers.”
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Deloitte surveyed more than 15,000 health care consumers in 12 different countries including Belgium, Brazil, Canada, China, France, Germany, Luxembourg, Mexico, Portugal, Switzerland, the United Kingdom and the United States during April and May.

In the United States, three in four (75 percent) consumers say the recent economic slowdown has impacted their health care spending. Four in 10 (41 percent) are being more cautious about it, 20 percent cut back on spending, and 13 percent have reduced it considerably. In addition, 63 percent say their monthly health care spending limits their household’s ability to purchase other essentials such as housing, groceries, fuel and education. To save money, 36 percent of prescription medication users have asked their doctor to prescribe a generic drug instead of a brand name drug. These findings follow Deloitte’s, “The Hidden Costs of U.S. Health Care for Consumers: A Comprehensive Analysis,” published in March 2011, which revealed consumers spend $363 billion more on health care than traditionally reported, outpacing housing and utility costs as a discretionary household expense.

Additionally, one in four (25 percent) U.S. consumers skipped seeing a doctor when sick or injured. Of those consumers who decided not to see a doctor in the past year, those that did so due to costs ranged from a high of 49 percent in the United States, followed by Belgium (39 percent), China (35 percent) and Mexico (34 percent), to a low of 5 percent in Canada and 7 percent in the United Kingdom and Luxembourg.

More than half of all respondents from the 12 countries surveyed, with the exception of the United Kingdom (24 percent) and Canada (39 percent), also confirmed that household spending on health care limits their ability to spend on other household essentials. Additionally, between 4 in 10 and 5 in 10 respondents experienced an increase in household spending on health care in the past year with the exception of the United Kingdom (22 percent), Canada (29 percent) and China (37 percent).

Categories: Belgium, Brazil, business and economics, Canada, China, consumer issues, Deloitte, France, Germany, health and health care, Luxembourg, Mexico, Portugal, Switzerland, United Kingdom

Country Specific Information: Luxembourg

May 8, 2011 Comments off

Country Specific Information: Luxembourg
Source: U.S. Department of State

April 29, 2011

COUNTRY DESCRIPTION: Luxembourg is a highly developed, stable constitutional monarchy and parliamentary democracy. There are many tourist facilities in Luxembourg. Read the Department of State’s Background Note on Luxembourg for additional information.

Categories: international relations, Luxembourg, transportation and travel, U.S. Department of State
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