Financial Impact of Chronic Disease
The Journal of American Medical Association (JAMA), (Slomski, A.) published “Chronic Disease Burden and Financial Problems Are Intertwined” on October 4, 2022. In this study, researchers analyzed data of adults enrolled in a commercially available insurance plan in Michigan. The data analyzed included insurance claims linked with commercial credit.
The study encompassed data from more than 2.8 million adults. Comparison data showed that people with multiple chronic conditions had a higher likelihood of having both medical and nonmedical serious financial debt issues. These financial burdens increased with each additional chronic disease/condition.
Substance abuse, mental illness, congestive heart failure, dementia, and stroke were the conditions with the highest probability of having medical debt in collections. Researchers suggest that additional study is needed to improve financial outcomes for patients with chronic conditions.
Lyme Disease Association Inc (LDA) asks: What would findings show if Lyme & TBD patients were included in study?
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