Why Americans Are Drowning in Medical Debt

Health care is the biggest cause of personal bankruptcy and is responsible for gathering more payments than credit cards.

After a recent disc herniation, Peter Drier is ready to pay $ 56,000 for hospitalization costs, $ 4,300 to anesthesiologists, $ 133,000 for orthopedic surgery. Everyone is negotiating within or before his insurance network. However, as Elizabeth Rosenthal recently explained in the New York Times article, he is not ready to receive a $ 117,000 invoice from the "assistant surgeon" - outside the network physician, the hospital joins the job at the last minute It was.

Such practices have led to an extensive medical debt crisis in the United States. Approximately 40% of Americans borrow money from collectors when they are sick. Adults in the United States are more likely to pay medical expenses than other developed countries or abandon medical expenses for expenses.

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Americans pay more than three times their third-party medical debt each year than they pay for the bank and credit card debt. Most of them are unrecoverable. In 2013 it is estimated that hospitals in the U.S. will provide approximately $ 85 billion "free treatment" or inpatient treatment and did not charge insurance companies or patients a fee (see Resources). According to the Kaiser Family Foundation (reference), average national insurance premiums for employees across the country increased to $ 18,764 last year, up 19% from 2012. Workers are paying increasingly more for these fees - they now pay 30% of the premium in addition to higher deductions and increasing self repayment

Mortgage debt gradually increases, student debts increase, American families are in debt crisis. We are unnecessarily concerned about over consumption and super consumerism, but we missed the bigger view: rising costs of housing, medical and education. The following five graphs show the severity of national debt problems. How does the debt deteriorate in the US? Join the personal finance columnist Helaine Olen to learn more about US debt reality. How do you feel to empty your 401K to help the family? How did the first generation college student learned a for-profit school loan? What is effective for people trying to get out of debt? Learn about this series. Let 's join today.

Medical debt is causing many problems for Americans. There are many people who can not afford to buy food and house at home. Because people are not getting enough food and are paying their bills, we need to change the medical debt. Some people do not have the money to see doctors and dentists, so we need to worry about this. They are suffering for medical debt. People work hard to support their families and to support their families. According to medical debt articles published in this study, people with "medical debt (65%) must postpay payment of some essentials for paying their expenses.Research) Alert) This fact shows that many Americans are suffering from medical debt.In addition, according to the medical debt survey article, "In fact, 41% of young people between the ages of 19 and 29, I could not get medical service over the past 12 months due to cost reasons.