2018 – 01/18

Consumers immediately increased their out-of-pocket healthcare spending by 60% in the week after receiving a tax refund, according to a study by JPMorgan Chase & Co. Institute. And spending stayed elevated for about 75 days, during which consumers spent 20% more out of pocket on healthcare than before the refunds. The study, titled “Deferred Care: How Tax Refunds Enable Healthcare Spending,” analyzed how “an important cash infusion” (in this case a tax refund payment) affects the timing of out-of-pocket expenditures on health care. See it at http://bit.ly/2Dgcf3O

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