Philadelphia, PA - The rising costs of healthcare in the United States are hitting hardworking Americans right where it hurts: their wallets. Since 2000, medical care prices have increased by 40% faster than everyday expenses like groceries and gas, making it increasingly difficult for people to afford coverage and care.
The consequences of these rising costs are dire. Nearly four out of ten Americans are delaying doctor visits due to the financial burden, while three out of ten people are taking drastic measures such as cutting pills in half or choosing over-the-counter medicine instead of their prescribed medication. These choices can lead to serious complications, including heart attacks and strokes, if left untreated.
Independence Blue Cross (IBX) is feeling the pressure in the Philadelphia area, where hospital stays have increased by nearly 20% and outpatient surgeries and cancer-related tests have risen by over 25%. Prescription drug costs are also on the rise, with a 15% increase consistent with national trends.
Despite these challenges, IBX remains committed to getting healthcare right. The insurer is focused on keeping its members at the center of every decision, striving to make their health coverage affordable and easier to use. To achieve this goal, IBX has developed programs that reward providers for better health outcomes, reduce waste, and promote fairness.
The company is also leveraging technology and innovation to simplify its members' experience and remove barriers to access care. Strategic partnerships and digital integration tools are being used to streamline prior authorization, make it easier to find lower-cost prescriptions, and enhance care coordination.
While IBX must seek higher rate increases in 2026 to keep its system stable and reliable for its members, the insurer remains committed to transparency and will continue to offer a range of plans to fit different budgets and needs. As your hometown insurer, IBX is dedicated to standing up for its members, pushing for solutions that put their needs first, and ensuring their healthcare is available where and when they need it.
Ultimately, IBX's commitment to getting healthcare right means building a healthier future for all. By working together, the company aims to create a more sustainable and affordable healthcare system that prioritizes the needs of its members.
The consequences of these rising costs are dire. Nearly four out of ten Americans are delaying doctor visits due to the financial burden, while three out of ten people are taking drastic measures such as cutting pills in half or choosing over-the-counter medicine instead of their prescribed medication. These choices can lead to serious complications, including heart attacks and strokes, if left untreated.
Independence Blue Cross (IBX) is feeling the pressure in the Philadelphia area, where hospital stays have increased by nearly 20% and outpatient surgeries and cancer-related tests have risen by over 25%. Prescription drug costs are also on the rise, with a 15% increase consistent with national trends.
Despite these challenges, IBX remains committed to getting healthcare right. The insurer is focused on keeping its members at the center of every decision, striving to make their health coverage affordable and easier to use. To achieve this goal, IBX has developed programs that reward providers for better health outcomes, reduce waste, and promote fairness.
The company is also leveraging technology and innovation to simplify its members' experience and remove barriers to access care. Strategic partnerships and digital integration tools are being used to streamline prior authorization, make it easier to find lower-cost prescriptions, and enhance care coordination.
While IBX must seek higher rate increases in 2026 to keep its system stable and reliable for its members, the insurer remains committed to transparency and will continue to offer a range of plans to fit different budgets and needs. As your hometown insurer, IBX is dedicated to standing up for its members, pushing for solutions that put their needs first, and ensuring their healthcare is available where and when they need it.
Ultimately, IBX's commitment to getting healthcare right means building a healthier future for all. By working together, the company aims to create a more sustainable and affordable healthcare system that prioritizes the needs of its members.