Even though this information is a couple years old…
A survey conducted by the Kaiser Family Foundation in 2020 found that 32% of Americans reported problems paying medical bills, and 11% said they or someone in their household had received a lower credit rating due to medical debt. In addition, medical debt was a leading cause of bankruptcy in the United States.
According to a report by the Consumer Financial Protection Bureau (CFPB), as of 2020, approximately 18% of adults in the United States had medical debt in collections on their credit reports. The same report also found that medical debt made up more than half of all debt collection accounts on credit reports.
Do you have a medical bill that is exorbitant, baffling, infuriating or all of the above?Send Us Your Medical Bills | Kaiser Health News (khn.org)