Medical Debt seems to be a reason of legit concern for the Americans. A recent report has stated that the medical expenses of most citizens are all over the place. A vital reason for such a scenario is the ongoing pandemic. The pandemic hurt every aspect of society. The cost of healthcare had gone up drastically in dire times. This made life difficult for every citizen. The necessities became overtly expensive to afford.
Moreover, the deadly virus compelled the government to opt for a shutdown. This meant that a lot of the people could not work. Most of the Americans did not have the luxury of working remotely. This made the earnings of the residents limited. Unemployment in the time of the pandemic was also a major reason to struggle with medical expenses.
Healthcare.com is one of the leading healthcare websites in the United States. They have recently conducted a survey that had shocking results. The survey depicted that almost two out of three people are in medical debt in the US. The study also revealed that more than of the debtors have been provided with financial assistance. The assistance amounted to a hefty sum of over $1000. Let us learn more about the survey in detail below.
Medical Debt Increasing In The US
Most people carrying medical debt stated that they used services that were not covered. Another problem was using providers that were out of their network. Jeff Smedsrud is the President of the website. He analyzed the situation. Jeff said the patients did not know whether the doctors were in-network or not. This added to the confusion and hence the mounting bills.
Jeff also asked the citizens to cross-check every expense He said that there might be a case of miscalculation. He urged everyone to put aside the stigma and negotiate with the providers. These initiatives would help lessen medical debts.