The Medical Debt Crisis
It's not a surprise to anyone that the cost of healthcare in the United States is rising. It is surprising, however, just widespread the medical debt crisis is for American families.
Medical debt statistics:
- Approximately 70 million Americans struggle with medical debt.
- 60 percent of those with debt have health insurance.
- 2 million bankruptcies were caused by medical debt.
- 1 in 10 American adults delay receiving the care they need due to high costs.
ABC Actions News did a segment on how medical debt can destroy a family's finances. Watch below: