As if we needed the government to tell us something we already knew, but according to Steven Johnson with Modern Healthcare, the Centers for Disease Control and Prevention (you know it as the “CDC” in zombie/apocalypse films) did a survey showing that one in four families had issues with paying their medical debt in 2012.
One in ten couldn’t pay it altogether.
Overall, a bit over 20% of all families surveyed had issues with paying their medical debt, quite a chunk of a percentage. Johnson writes that the Patient and Protection and Affordable Care Act – Obamacare – might actually help some of those families with healthcare insurance coverage, but that medical debt generally continues to be a “growing driver” of economic difficulties for Americans.
Thankfully, at least in terms of bankruptcy, medical debt isn’t like student loans. If you can wrap your head around the possibility of filing Chapter 7 bankruptcy or Chapter 13 bankruptcy, know that you can discharge medical debt and get a fresh start.
Medical Bills ‘Still A Burden’