“One in six people in the US have medical debt on their credit report, and together owe $81 billion, according to 2016 data in the journal Health Affairs. And the impact is especially felt among young Americans. People in their mid-twenties to mid-forties are far more likely to have a new medical bill in collection (meaning the lender sent it to a collection agency and it could be on your credit report) than older patients. Also, the size of the medical debt in collection is much higher among people in their mid-twenties, likely due to the types of health insurance they tend to have as well as having lower incomes, according to the Health Affairs report.”
For more information on the issues surrounding medical debt, please contact RIP Medical Debt.