Americans face $45B of medical debt in collections


An analysis of nearly 20 million Americans showed 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. 

That averages to about $2,200 of debt per person, an amount most Americans can’t cover. Nearly half of American don’t have $400 saved for an emergency, Credit Karma Chief People Officer Colleen McCreary told USA Today

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

Read the full USA Today report here

More articles on healthcare finance:
Hospitals face loss of Medicare payments for defying price disclosure rule
OIG tags Arizona hospital for erroneous billing
Chicago hospital defeats allegations of ‘ghost payroll’ scheme


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