The numbers that inform the tale of clinical debt within the U.S. are staggering: Round 100 million American citizens have well being care debt, and in combination they owe no less than $140 billion. And analysis suggests this debt could have putting penalties on other folks’s monetary, bodily, and psychological well being.
On this episode of the “Tradeoffs” podcast, Dan Gorenstein talks concerning the ache and imaginable answers to clinical debt with KHN senior correspondent Noam N. Levey and UCLA researcher Wes Yin.
“A couple of 3rd of people that have clinical debt owe lower than $1,000,” Levey stated. “However 1 / 4 of other folks owe, I believe, greater than $5,000. Greater than part say they’ve needed to make a troublesome sacrifice, like the use of up all their financial savings, shifting in with family and friends, or shedding their properties. So I don’t suppose it’s hyperbole to mention that there’s a surprising quantity of distress available in the market.”
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