MEDICAL DEBT IS A GROWING PROBLEM FOR many Americans, but this is not the only debt problem we have. [Video]

Medical debt has become a growing problem for Americans, with millions of individuals and families struggling to pay off their healthcare expenses. According to a recent study, approximately 79 million Americans have medical debt, with the average amount owed being around $2,000. This burden is particularly detrimental for those who are uninsured or underinsured, as they are forced to bear the full cost of medical treatments and procedures. Additionally, the rising cost of healthcare services and prescription medications has contributed to the increase in medical debt, leaving many Americans with limited options and financial strain. As a result, individuals are facing difficult decisions, such as delaying necessary medical care, going into debt, or even declaring bankruptcy, just to manage their healthcare expenses. The impact of medical debt on individuals’ overall financial well-being and quality of life cannot be overlooked, and urgent measures must be taken to address this issue.