Posted 12/20/2023, 7:13:32 PM
Medical Debt Plagues Millions, Damages Credit and Strains Wallets
- Americans have over $88 billion in unpaid medical debt and most have faced financial troubles because of it
- 90% said overdue medical debt on credit reports has hindered access to loans, credit, and housing
- 78% support removing medical debt records from credit reports to stop coercive collection practices
- Some states like NY and CO exclude medical debt from credit scores already
- To manage costs, many Americans are postponing care, not filling prescriptions, dipping into savings, or using high-interest credit cards