×
Newsmax TV & Webwww.newsmax.comFREE - In Google Play
VIEW
×
Newsmax TV & Webwww.newsmax.comFREE - On the App Store
VIEW
Skip to main content
Tags: medical | debt | insurance | middle class

More Than 100 Million Americans Have Medical Debt: Study

Medical logo
Medical logo (Dreamstime)

By    |   Monday, 19 September 2022 01:57 PM EDT

Medical debt increases the risks of eviction, food insecurity, and bad health outcomes regardless of insurance or income, a new study found, Axios reported.

While people who are uninsured or low-income are affected most by rising medical debt, even private insurance offers little protection against unaffordable bills, according to the study published in JAMA Open Network on Friday, Axios reported.

"Private insurance is a defective product. You pay for it and then when you get sick, there's co-payments, there's deductibles, there's out-of-network fees, there's things that aren't covered at all," said Steffie Woolhandler, a physician and public health professor at Hunter College who co-authored the study.

More than 100 million Americans live with medical debt, according to a study by Kaiser Health News and NPR. These people may be forced into delaying necessary care and sacrificing essentials like groceries. People in states that expanded Medicaid reported an average of $3,000 less in medical debt than those in states who hadn’t.

Medical debt was highest in the South and among lower-income communities in states without Medicaid expansion.

The average amount of medical debt in 2018 was $21,867, according to the researchers' analysis of the Census Bureau's Survey Income and Program Participation.

For those in poor health, the burden rose to nearly $43,000, while uninsured patients had an average debt of more than $38,000.

People with medical debt were two to three times more likely to be unable to pay rent or utilities and experience eviction than those without health care bills, according to the study.

Black and Latino people were more likely to have medical debt, which can affect credit and the ability to build wealth.

In April, the Biden administration announced a push to lessen the medical debt burden on Americans.

But this doesn't address the impact of not having national health insurance or expanding Medicaid and letting wages determine the level of benefits, said Wes Yin, an economics professor at UCLA who was a co-author of the Stanford study.

© 2022 Newsmax. All rights reserved.


Newsfront
Medical debt increases the risks of eviction, food insecurity, and bad health outcomes regardless of insurance or income, a new study found, Axios reported.
medical, debt, insurance, middle class
330
2022-57-19
Monday, 19 September 2022 01:57 PM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
America's News Page
© Newsmax Media, Inc.
All Rights Reserved
Download the NewsmaxTV App
NEWSMAX.COM
America's News Page
© Newsmax Media, Inc.
All Rights Reserved