CMS reported as well that Medicaid and other government-funded programs covered 27% of the total cost for healthcare, with an additional 13% coming from individuals through their copays or deductables. The numbers show how essential it is that individuals have health insurance if they want to receive quality healthcare at an affordable price. These figures show that the majority of total cost increases are due to out-of pocket spending. This is mainly because people were uninsured.
Overall, this data shows us just how essential it is for all citizens — regardless of income level —to have access necessary treatment and resources so they can lead healthy lives. Financial burden can become a major factor in medical decisions if coverage is not sufficient. This could put people’s lives at risk.