Borrowing Ill Health
Monday, April 21st, 2008The American Prospect May 2008 (Click here for original article)
Hospitals are getting more aggressive about sending debt collectors after under-insured consumers.
Tamara Draut | April 21, 2008
As health-care costs continue to climb, the trend to more “cost sharing” continues, and the ranks of the uninsured keep swelling, more and more Americans are finding that paying for medical care means going into debt. The latest study by the Commonwealth Fund found that one out of five Americans have medical debt — a population that includes many individuals with health insurance. In fact, nearly two-thirds of people who reported being in debt or having problems with medical bills had health insurance at the time the bill was incurred. Medical debt doesn’t discriminate by race or class either, though like other economic forces, it disproportionately impacts lower-income individuals and individuals of color. (more…)