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Healthcare Costs, Affordability A Major Challenge for Patients

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According to several new studies, Americans are struggling with rising healthcare costs and paying for their patient financial responsibility, which could spell trouble for providers trying to collect revenue that is owed to them.

Deductibles and healthcare prices are simultaneously on the rise. About four in five workers are enrolled in a plan with a deductible, and the amount they must pay for that deductible before their insurance coverage kicks in is about $1,505 for a single person, the Kaiser Family Foundation reported in 2017.

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