The rising cost of health care in the United States has been an issue for decades. Add on the health and economic challenges that came with the coronavirus pandemic in 2020, and employers and their employees are struggling more than ever to manage their healthcare costs.
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According to a recent Gallup poll, half of Americans are worried about bankruptcy due to a significant health problem. It’s no surprise that, even with stable employment, people worry that their medical bills could exceed their income and savings. A 2020 survey by Salary Finance determined that nearly a third of