HEALTH CARE un-covered • 99 implied HN points • 21 Jul 21
- Americans owe $140 billion in medical debt, but this number is likely much larger. Many people are also using credit cards to cover healthcare costs, which adds to the debt.
- A significant amount of medical debt comes from insured people, not just the uninsured. High deductibles make it hard for many to afford care even with insurance.
- High-deductible health plans can be risky, as they can lead to big out-of-pocket costs when people get sick. This situation needs more attention from lawmakers to protect individuals from financial ruin.