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Medical Debt: “The Debt of Necessity” – A Current U.S. Picture from the CFPB

Health Populi

consumer credit rating companies — Equifax, Experian and TransUnion — planned to remove medical bill collections that were under $500 from consumers’ credit reports. From the start, CFPB has been monitoring medical debt along with other forms of household debt — student loans, mortgages, credit cards, and so on.

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Only in America: Medical Debt Hits High Income and Insured People, KHN and NPR Report

Health Populi

Even with the passage and implementation of the Affordable Care Act in 2010, health care has turned out to be not-so-affordable nor accessible for U.S. “Instead, they’ve faced thousands of dollars in bills as health insurers shifted costs onto patients through higher deductibles.” health citizens.

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A Health Consumer Bill of Rights: Assuring Affordability, Access, Autonomy, and Equity

Health Populi

The NIH crafted one for patients enrolled in clinical trials, the American Hospital Association served one up in 1973, and many individual health providers like the University of Pennsylvania Hospital ( aka Penn Medicine) have developed patient bills of rights for consumers entering their hospital systems.

HIPAA 354
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While Costs Are A Top Concern Among Most U.S. Patients, So Are Challenges of Poverty, Food, and Housing

Health Populi

In addition to paying for “my” medical bills, most people in the U.S. also say that income inequality and inadequate social services significantly contribute to high medical spending for every health citizen in the nation. This year’s poll was conducted in September 2019 and included input from 2,001 U.S.

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6 Years Later: Impacts of the ACA on Health Care?

ACA Times

When the Affordable Care Act was first passed in 2010, it was with the intention of providing health care coverage to all who previously couldn’t access it. This is in stark contrast to 2010, which was prior to the Affordable Care Act, with a staggering 48.6 by September 2015. million by September of 2015. million by September of 2015.

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Infographic: Before And After The ACA

ACA Times

Prior to the ACA passing in 2010, personal bankruptcies were at an all-time high. Many people with chronic conditions ended up in the ER, resulting in medical bills they couldn’t afford. As a result, many people fell into bankruptcy as they tried to pay their medical bills. Since the ACA, those trends have shifted.

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The Rise of High-Deductible Insurance

ACA Times

Deductibles are the portion of medical bills individuals must pay before their insurance begins to cover the costs. They have surged 67% since 2010 for employer-sponsored plans, says an article on the broadcaster’s “Moneywatch” news portal.