Americans face $45B of medical debt in collections

© Copyright ASC COMMUNICATIONS 2020. Intrigued in LINKING to or REPRINTING this content? View our policies by click on this link.

Check out the complete USA Today report here..

A separate study by Debt.com showed 56 percent of U.S. adults had medical financial obligation in collections, most of whom owed less than $5,000. The survey was performed from June 17 to July 6, according to the report..

That averages to about $2,200 of debt per individual, a quantity most Americans cant cover. Nearly half of American dont have $400 saved for an emergency, Credit Karma Chief People Officer Colleen McCreary informed USA Today..

An analysis of nearly 20 million Americans revealed they have a combined $45 billion of medical debt in collections, according to USA Today, which cited an analysis from Credit Karma, a consumer finance company..

More posts on healthcare financing: Hospitals deal with loss of Medicare payments for defying rate disclosure ruleOIG tags Arizona health center for incorrect billingChicago healthcare facility defeats claims of ghost payroll plan.

Ayla Ellison (Twitter) –
Friday, September 18th, 2020
Print|Email.