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Evidence suggests as much as $68 billion is wasted each year paying inaccurate or fraudulent medical bills. Asking for an itemized list helps you to avoid your share of these billions as you can ...
In a separate analysis, which included credit card bills resulting from medical procedures, KFF estimates that around 40% of American adults have some form of medical debt, or 100 million people.
High medical debt is no laughing matter in the United States. Among developed nations, Americans pay the highest amount for everything from prescriptions to surgeries.This is one of the main ...
In addition, those with medical debts may increase in the future due to increasing patient cost-sharing and rising health care costs. [17] Medical debt is consuming Americans, in fact, it is the number one cause of bankruptcy, because more than 60% of Americans deplete their savings due to some unexpected healthcare cost.
Unexpectedly high medical bills are common in the United States, but there are ways to get relief. According to the Consumer Financial Protection Bureau, one in five Americans are affected by ...
The study found that "about half" of bankruptcy filers in the year 2001 cited out-of-pocket medical bills in excess of $10,000 as a major contributor to bankruptcy (the average bankruptcy filer in this study was a 41-year-old woman with a median income of $25,000, slightly below the personal income average for that year). [28]
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