$74 Billion in US Medical Debt: A Broken System’s Crushing Cost
A staggering $74 billion in medical debt was accrued by 31 million U.S. adults in the past year, highlighting the pervasive issue of unaffordable healthcare. This debt affects even those with health insurance, with nearly one-third of survey respondents expressing significant concern about incurring medical debt from a major health event. To manage costs, families often compromise on necessities like food and rent, underscoring the critical need for healthcare reform. Significant disparities exist across age groups, with younger adults disproportionately affected, while older adults benefit from more comprehensive Medicare coverage.
John Q. Hosedrinker