Rising U.S. Health Care Costs Drive Interest in Samaritan Ministries Alternative

Health care costs in the United States continue to rise at a pace exceeding inflation, household income, and GDP growth, placing increasing financial strain on consumers and the market. The total national health expenditure reached $4.9 trillion in 2023, significantly higher than spending on national defense and well above other developed countries.

Despite these expenditures, health outcomes in the U.S. do not surpass those in comparable nations, with Americans experiencing lower life expectancy and higher chronic disease prevalence. Private health insurance has become increasingly consolidated, with six major insurers contributing to nearly 30% of total health care spending, a substantial rise since 2011. This concentration has implications for premium increases and reduced market options for consumers.

Samaritan Ministries International (SMI) represents an alternative health care sharing model that is not insurance but offers members financial savings and more flexibility in provider choice. Founded in 1994 and accredited by the Healthcare Sharing Accreditation Board, SMI serves over 250,000 members and facilitates medical bill negotiations to reduce costs.

Unlike traditional insurance, SMI allows enrollment year-round and exempts members from state insurance mandates and penalties in applicable states. The organization leverages the new government transparency requirements for hospital expenses to further support cost reductions, offering a distinct approach amid rising insurance premiums and health care expenses.