How affordable is mental healthcare? The long-term impact on financial health

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Since the start of the COVID-19 pandemic, mental health has declined for many Americans, with more individuals reporting mental illness since 2019. Those diagnosed with mental illness have disproportionately faced economic disadvantages and report greater financial stress. Affordability barriers are compounding these challenges by limiting mental health access for many in need.

Among our findings:

The lower sense of financial security reported by those with mental illness underscores the importance of holistic care for behavioral health—not just treating mental illness symptoms but considering the broader needs an individual with mental illness may have. Holistic approaches, such as supportive housing and supportive employment, can improve outcomes across both healthcare and broader functioning in society.6A holistic approach for the US behavioral health crisis during the COVID-19 pandemic,” August 6, 2020, McKinsey.com.

A year after the pandemic began in the United States, the portion of the population reporting signs of psychological distress increased.

A year after the pandemic began in the United States, the portion of the population reporting signs of psychological distress increased.

Those with mental illness report a lower sense of financial security than those without mental illness.

Those with mental illness report a lower sense of financial security than those without mental illness.

Further investigation could help better understand the bi-directional relationship between debt and mental illness.

Further investigation could help better understand the bi-directional relationship between debt and mental illness.

Respondents overall (including both those with and without a mental illness) report mental health services as one of the least affordable essential services.

Respondents overall (including both those with and without a mental illness) report mental health services as one of the least affordable essential services.

The affordability of mental health services may be a barrier to care.

The affordability of mental health services may be a barrier to care.

Untreated mental health conditions can impact people’s ability to pursue education.

Untreated mental health conditions can impact people’s ability to pursue education.

While there are challenges, possible actions by healthcare stakeholders could help those reporting mental illness.

While there are challenges, possible actions by healthcare stakeholders could help those reporting mental illness.
National surveys reveal disconnect between employees and employers around mental health

National surveys reveal disconnect between employees and employers around mental health need

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