Consumers Have Less Credit Available to Fund Their Care

Consumers’ available revolving credit to pay healthcare costs declined in the first quarter of 2015 from $2,250 for every $100 in medical costs to $1,720 in the first quarter of 2016, according to an analysis by TransUnion Healthcare. 

Patients in the subprime risk tier, generally the highest-risk consumers, also experienced a decline in available credit over a one-year period. As of the first quarter of 2016, these patients only had $420 in revolving credit for every $100 in healthcare costs, compared with $600 a year earlier.