Currently, two out of five American adults have debt from medical procedures, emergency room visits, dental procedures, and other medical expenses.
better care Analyzed data from Kaiser Family Foundation Visualize which groups of Americans are most likely to have medical debt. This figure comes from a survey conducted from February 25, 2022 to March 20, 2022. The survey included 2,375 adult respondents, nationally representative of the entire American population.
These responses reveal that medical debt is unevenly distributed and undermines the economic potential of some segments of the U.S. population. Those in the medical field attribute this to a variety of factors, including lack of insurance. Americans without health insurance are more likely to incur medical debt than those with insurance. But even Americans with insurance report carrying medical debt.
Average employer-sponsored health plan Higher deductibles than most Americans report being able to pay as an emergency out-of-pocket expense, according to the American Hospital Association. By 2022, nearly two out of every five Americans will I couldn’t afford the $400 emergency expense.the typical deductible is about $1,400 per year.
The AHA reports that its members provide tens of billions of dollars worth of free care to people in need each year, and “ensure that the insurance they provide protects against unpayable bills and medical debt.” We encourage such medical plans.
In the past 10 years, Medical costs are rising faster than inflation In most years, they certainly grew faster than wages. almost stagnant Before the COVID-19 pandemic. These costs hit Americans hardest, with the lowest incomes and the highest expenses.