Categories
Dementia and Alzheimer's Legal and Financial Planning

Debt and delinquencies are on the rise for Americans [Video]

MATTER OF FACT. MOST AMERICANS HAVE SOME FORM OF HEALTH INSURANCE. BUT EVEN WITH THAT COVERAGE, 4 IN 10 HAVE MEDICAL DEBT. A NEW ANALYSIS BY KFF SHOWS PEOPLE IN THE U.S. OWE A COLLECTIVE $220 BILLION IN MEDICAL COSTS. THAT’S BILLION WITH A B WITH MOST PEOPLE OWING BETWEEN 2000 AND $5000. BUT EVEN IF SOMEONE OWES $1,000, THE IMPACT ON FINANCES AND LIVES CAN BE SIGNIFICANT. CYNTHIACCOX IS A RESEARCHER AT KFF AND WORKED ON THIS REPORT. IT’S SO NICE TO HAVE YOU. THANK YOU. THANKS FOR HAVING ME. OF COURSE. SO LET’S START BY TALKING ABOUT SCOPE. HOW MANY PEOPLE ARE WE ACTUALLY TALKING ABOUT AND WHERE WOULD THEY BE LOCATED IN THE COUNTRY. SO OUR SURVEY SHOWS THAT 4 IN 10 AMERICANS SAY THAT THEY HAVE MEDICAL DEBT FOR EITHER THEMSELVES OR SOMEONE IN THEIR FAMILY. WHAT THAT ADDS UP TO IS TENS OF MILLIONS OF …

Watch/Read More