Rising Healthcare Costs: How Zion HealthShare Provides an Affordable Solution

Healthcare costs in the United States are spiraling out of control. No matter what option individuals choose, the financial burden continues to grow. Families are forced to make difficult choices, whether to skip essential care or take on overwhelming medical debt. While avoiding healthcare costs all together isn’t an option, there is a better to way to manage them.

The Harsh Reality of U.S. Healthcare Costs

The Centers for Medicare & Medicaid Services (CMS) reported that in 2023, national healthcare spending surged by 7.5%, reaching a staggering $4.867 trillion. That’s an average of $14,570 per person. To put that into perspective, 17.6% of the U.S. Gross Domestic Product (GDP) is now devoted to healthcare. Yet, despite this enormous investment, millions of Americans are still struggling with high costs and inefficiencies.

Here’s what’s driving these skyrocketing costs:

• • Medical Debt Leading to Bankruptcy

    Around 100 million Americans are affected by medical debt, making it a significant factor of bankruptcy in the U.S. Imagine losing everything—not because of reckless spending, but because a medical emergency wiped out your savings. Sadly, a study published in the American Journal of Public Health (2019), co-authored by Dr. David Himmelstein, found that this is the harsh reality for 65% of the 2 million Americans who face bankruptcy each year.

• • Administrative Waste
    

    According to a 2019 study published in JAMA (Journal of the American Medical Association), about 25% of U.S. healthcare costs are attributed to administrative expenses, compared to just 10-15% in other countries. This inefficiency drives up costs and adds unnecessary complexity to the system.

  • Rising Prescription Drug Costs

    Data from the Organization for Economic Cooperation and Development (OECD) shows thatAmericans are forced to spend an average of $1,026 per person on prescription drugs—nearly double what people in other countries pay. This escalating cost puts life-saving medications out of reach for too many, leaving families struggling to afford the care they desperately need.

• • Unnecessary Healthcare Spending

    The Institute of Medicine reveals that a staggering $750 billion is wasted each year on avoidable costs, including unnecessary services and inefficient care. This is not just a number—it’s a heartbreaking reality. While millions of Americans go without the care they need, billions are being squandered on a broken system that fails to prioritize people over profits.

• • High-Cost Procedures

    Medical procedures in the U.S. are priced so high that they’ve become a financial barrier for countless families. According to the International Federation of Health Plans (IFHP), an MRI costs around $1,000 in the U.S.—three times what it costs in Canada. This puts life-saving care out of reach for too many, forcing people to choose between their health and their financial future.

With Zion HealthShare, you don’t have to be part of this broken system. Discover how you can take back control and protect your family from financial disaster.

Here’s how Zion HealthShare works:

With Zion HealthShare, you have an affordable alternative that helps you take control of your medical expenses. Our approach is simple: members contribute a set amount each month, and when a medical event arises, eligible expenses are shared within the community. By cutting out unnecessary overhead and focusing on what matters, care and support, healthcare starts becoming more affordable and accessible.

Benefits of Zion HealthShare

• Cost Efficiency: Zion HealthShare offers lower monthly contributions compared to traditional insurance. By collecting members’ contributions and sharing medical expenses, the health share community provides significant savings.
• Freedom of Choice: Zion HealthShare empowers members to choose any healthcare provider without network restrictions. This flexibility allows individuals and families to manage their healthcare on their own terms, avoiding the limitations often imposed by traditional insurance networks.
• No Enrollment Periods: Unlike traditional insurance, Zion HealthShare doesn’t limit membership to specific enrollment periods. You can join anytime, giving individuals and businesses the freedom to manage their healthcare in a way that fits their needs.
• Transparent & Simple: Zion HealthShare is committed to transparency, ensuring members know how their contributions are used. As a non-profit, we operate with integrity, and 990 forms are available upon request.
• Additional Services: In addition to assisting with larger medical expenses, Zion HealthShare provides additional services such as preventive care, prescription discounts, and mental health support.

Real Stories: How Zion HealthShare Supports Members in Their Time of Need

At Zion HealthShare, we’re committed to supporting our members through life’s toughest challenges. But you don’t have to take our word for it, hear firsthand how Zion HealthShare makes a difference in the lives of our members when it matters most!