HealthyCapital provides health care cost savings and life expectancy data from improved condition management to incentivize healthier behaviors and encourage retirement savings. New White Paper reveals potential for lower health care expenses for individuals and employers and longevity increases for Americans with chronic conditions, including high blood pressure, high cholesterol, Type 2 diabetes, obesity and tobacco use.
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HealthyCapital strives to recognized as a leader in disseminating critical healthcare-cost information to individuals, both before and during retirement. More importantly, we also illustrate how to people can reduce medical expenses and successfully save for long-term goals through simple behavior modifications.
At the core of that ethos, HealthyCapital’s mission is to help people become healthier and more financially prepared for the future. The resources below provide a small sample of the data analysis that we have used to improve the financial and healthcare industries – one individual employee at a time.
Americans are anxious about rising healthcare costs. In Nationwide’s “Healthcare Costs in Retirement Survey,” (of 1,316 U.S. adults aged 50 or older) 74% admit that one of their top fears is out-of-control healthcare costs, and 64% are terrified of what healthcare costs may do to their retirement plans (up from 57% in 2015). However, there is some reason for optimism. In terms of personal cost, individuals may actually have more control than they think: through positive lifestyle choices and behavior adjustments.
50% of medications are not taken within 6 months of being prescribed. 70% of patients with 3 or more medications do not take them as prescribed. Only 33% of all patients routinely take medications as prescribed. One in five prescriptions don’t even get filled. The net effect of this is a $289 billion/ year cost to the US health system and 125,000 deaths annually due to medication non-compliance. Unfortunately, there is not one method that has proven to resolve the issue. However, several strategies have proven to improve compliance and can be used together.