What To Do About Medical Debt?
What can be done about the medical debt crisis in the United States? In the United States, medical debt is a major financial burden for many families. In fact, one in five Americans has outstanding medical debt, and the average amount owed is nearly $6,000. Medical debt can have a devastating impact on a family’s finances, leading to bankruptcy and negative credit histories. The problem is only getting worse, as the cost of healthcare continues to rise.
On this episode of the CareTalk podcast, John and David explain why medical debt is b.s. and what should be done about it.
(1:38) What is medical debt?
(2:36) What makes medical debt different from other kinds of debt?
(4:59) What country has the most medical debt?
(8:30) What percentage of bankruptcies are caused by medical bills?
(13:28) What are credit agencies doing to help medical debt?
(16:18) Is medical debt a good issue for politicians to run on?
CareTalk is a weekly podcast that provides an incisive, no B.S. view of the US healthcare system. Join co-hosts John Driscoll (CEO, CareCentrix) and David Williams (President, Health Business Group) as they debate the latest in US healthcare news, business and policy.
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