A new TransUnion Healthcare Millennial Report found that in 2016, 74 percent of millennial patients did not pay their medical bills in full, compared to 68% for Gen X and 60% for Baby Boomers, according to HIT Consultant. “Yet, seven in 10
Patients with comprehensive health insurance are still getting hit with unforeseen and often substantial out-of-network bills, according to a new study by the Kaiser Family Foundation. KKF analyzed medical bills from large-employer health insurance plans and found that about 18 percent
About one in six hospital stays for patients with large employer health insurance includes a bill that isn’t covered by the plan, according to a new analysis that provides new details on the extent of the “surprise bill” problem, the
“Medical bills can push patients over the financial cliff, but a new study says this may not happen as often as previous research suggests,” the Denver Post reports. “Hospitalizations cause only about 4 percent of personal bankruptcies among non-elderly U.S.
by Ben Gook, University of Melbourne Debt, it seems, is an idea with currency. Cities, states, nations and individuals are indebted, with creditors at the door, demanding repayment. This year, the US Federal Reserve even had David Graeber — a
by Daniel A Austin, Northeastern University Burdensomely high medical costs are often blamed for pushing many Americans into bankruptcy. According to the Consumer Financial Protection Bureau some 43 million Americans have unpaid medical debt on their credit reports. Medical debt