Researchers used U.S. Census information paired with anonymous credit report data on more than four million Americans to study the age profile of people whose medical bills were sent to a US collections agency in 2016.
1. What did they find out about the average size of medical debt for patients 27 to 64?
2. Approximately what percentage of consumers have an unpaid medical bill that has been referred to a collection agency?
3. Why do individuals 65 years and older have costlier medical bills but little medical debt?
4. If you could make a difference, what would you suggest to Congress about the solution to the problems mentioned in this article?
Kuehner-Hebert, K. (2018). As if student loans weren’t enough, millennials also rack up the most medical debt. Benefits-Pro, July 30 (Retrievable online at https://www.benefitspro.com/2018/07/30/as-if-student-loans-werent-enough-millennials-also/?kw=As%20if%20student%20loans%20weren%27t%20enough%2C%20millennials%20also%20rack%20up%20the%20most%20medical%20debt&et=editorial&bu=BenefitsPRO&cn=20180730&src=EMC-Email&pt=NewsAlert&slreturn=20180630123922)