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Data Drop: 4 Charts on How High Healthcare Costs Affect Consumer Behavior

What US Healthcare and Pharma Marketers Need to Know to Attract Consumers and Build Trust

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About This Report
High healthcare costs are forcing people to make difficult choices. Here’s the data you need to draw consumers to your brand and foster their trust in it.

Consumers are finding it difficult to afford healthcare and are, therefore, making tough choices. Understanding how high costs affect health-related decisions will help healthcare and pharma marketers craft campaigns that resonate with consumers during such hard times. Here are four charts that highlight consumers’ financial hardships and offer ways for marketers to draw consumers to and build trust in their brands.

Concerns about high healthcare costs show no signs of abating

With November’s presidential election looming, 48% of registered voters said lowering out-of-pocket costs should be the government’s most important healthcare priority, per KFF Health Tracking Poll data. Persistent inflation and the high cost of prescription drugs and medical care have had a significant impact on consumer finances. Over two-thirds of US consumers (67%) said healthcare costs are a financial burden to them and their families, per a January 2024 West Health-Gallup survey. And nearly one-third (31%) are concerned about their ability to pay for prescription drugs in the next 12 months.

authors

Dane Finley

Contributors

Vladimir de Leon
Chart Editor
Madan Kumar
Copy Editor
Rajiv Leventhal
Heather Price
Senior Director and Managing Editor
Matt Torpey
Senior Chart Editor
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