A recent analysis by the Commonwealth Fund reveals that even Americans with health insurance are accumulating medical debt. The study found that one in three insured Americans, whether through employers, the Affordable Care Act, or private markets, are paying off medical debt over time. Hospital visits are the leading cause, with nearly two-thirds of adults reporting debt from such care. Routine medical services also contribute to this financial burden. The primary issue is the gap between insurance coverage and out-of-pocket costs, according to Sara Collins, the study’s lead author. Nearly half of those with medical debt owe at least $2,000, leading many to deplete savings or cut back on essentials. Some even delay or skip medical care. Collins advises disputing erroneous charges and negotiating payment plans to manage expenses. The findings are based on a survey of over 6,000 adults.
QUESTION: How might the growing issue of medical debt influence future healthcare policies in the United States?
1 in 3 Americans with health insurance have medical debt, survey finds
