Advocating for HHS's Independence: A Crucial Reform for America's Health

Grief is Expensive: Understanding Bereavement's Cost Impact on Healthcare

Update Understanding the High Cost of Grief on Healthcare Grief is more than just an emotional experience; it comes with a significant financial burden that many may not recognize. Recent studies reveal that bereavement can lead to a staggering 20% to 30% increase in healthcare utilization. This unsettling statistic is further amplified by the fact that around 37% of Americans are currently grieving a recent death. With over 3.26 million deaths occurring annually in the U.S., the cascading effects of grief extend far beyond the personal realm, influencing the healthcare system and financial logistics of health plans. The Hidden Costs of Bereavement Data from the CDC suggests that, for every death, an average of nine individuals experience grief, raising questions about how health plans account for these emotional costs. While the CDC began measuring bereavement in 2021, many healthcare providers have yet to adopt metrics for tracking grief-related expenditure effectively. Notably, emergency departments see a 51% increase in visits and hospitalizations spike by 43% for bereaved spouses whose partners died in hospitals. For grieving parents, the emotional toll can escalate even further: they face a 67% heightened risk of psychiatric hospitalization within the year following their loss. Disturbingly, data shows that 74% of husbands and 67% of wives are hospitalized at least once in the nine years post their spouse’s death. These metrics underscore why understanding and addressing the financial repercussions of grief are vital for healthcare systems. Calculating Bereavement's Financial Impact To this end, Help Texts has developed a Bereavement Cost Calculator, a groundbreaking tool that allows health plans to quantify the fiscal impact of grief on their members. With only member numbers required, this calculator can project per-member-per-month (PMPM) cost increases and identify potential cost savings through timely interventions. For a hypothetical Medicare Advantage plan with 250,000 members aged 65 and older, it is estimated that about 11,500 members are grieving the death of a partner or child. The financial implications without interventions could skyrocket to an average PMPM increase of $110, aggregating to a total of around $123 million in the first year alone. Opportunities for Healthcare Providers More encouragingly, by providing grief support through services like Help Texts, health plans can not only improve care but also significantly reduce costs. The Bereavement Cost Calculator suggests that these services could potentially save plans an estimated $1.3 million in the first year. Thus, the opportunity exists to provide substantial upstream interventions that can both alleviate the emotional suffering of members and contribute to significant healthcare cost savings. The Future of Grief Management in Healthcare As the healthcare landscape continues to evolve, integrating emotional health into traditional healthcare models will be paramount. Innovations such as the Bereavement Cost Calculator from Help Texts exemplify how technology can confront chronic and often overlooked health issues like grief. In less than a minute, health plans can leverage data analytics to tailor their approaches to support their members effectively. With the advent of services providing affordable multi-lingual grief support via text message, a platform that boasts extraordinary acceptability and retention rates, the future appears promising. By recognizing and addressing the combined emotional and financial burdens of grief, healthcare systems can foster a sense of community for those in mourning while enhancing overall health outcomes. Conclusion: Embracing Grief in Healthcare Approaches The stark reality is that grief significantly impacts healthcare use and costs, especially for older adults. Addressing and alleviating these burdens through clinically sound interventions could not only save healthcare systems millions of dollars but also support individuals during their most vulnerable moments. As the industry stands on a pivotal threshold, it is crucial for health plans to adopt comprehensive bereavement strategies that acknowledge the weight of grief, fostering a compassionate approach to healthcare that aligns well with both economic and emotional wellbeing.