Healthcare Costs 2x the Income for a Family of Four

Health Care Costs Are Rising, It Is No Secret

“The annual inflation rate for the United States is 7.1% for the 12 months ended November 2022 after rising 7.7% previously, according to U.S. Labor Department data published Dec. 13,” as reported by the U.S. Inflation Calculator. From the service industry to company CEOs, everyone in the United States is feeling the financial squeeze of inflation, but prior to 2022, healthcare costs were already telling a tale of out-pricing most of the population.

Average Spending Annually on Healthcare

The national average spending per person per year on healthcare is $12,530. (CMS

.GOV). This includes any preventative care, emergency room visits, and specialist care. This does not include the invisible costs of healthcare that include: missed time and

 wages at work, childcare, insurance, and more that goes into receiving healthcare treatment. 

Out-Pricing & Contributing to a Cycle of Poverty

The 2022 poverty line income for a family of four is $26,500 in the United States according to HHS.GOV. The hard costs of healthcare alone based on the number reported above proportionate to a family of four are $50,120. 

This number is nearly double the income of a household of four living at the poverty line. Even those living above the poverty line struggle with this disproportionate cost. This cost out-prices most working families and furthers the cycle of poverty when families go into debt to pay for necessary healthcare costs.

MyDigiRecords Provides a Solution

MyDigiRecords gives individuals the ability to manage their medical records in the simplicity of an app to improve their quality of life. Quality of life is improved through the reduction of:

1) Over and under vaccination

2) Inaccurate medication administration

3) medical treatment duplicity due to a lack of formal medical history.

MyDigiRecords helps reduce the cost of healthcare and the strain on families by automating preventative healthcare reminders so that exorbitantly-priced Emergency Room visits are less frequent. These simple steps help keep healthcare costs low and disrupt the cycle of poverty that is catalyzed by disproportionate healthcare spending.