Who experiences medical debt?

When it comes to medical debt, it seems that no one is immune. The Vitals Index asked 1,200 people if they experienced debt or financial hardship due to medical bills. Women were more likely to have had medical debt than men (61 percent vs. 39 percent). More surprising, low income families had medical debt less often than high-income households.

The highest incidence of hardship (34 percent) occurred in households with incomes between $50,000 – $99,999. Astonishingly, 22 percent of those who experienced debt or financial hardship had household incomes above $150,000. But households with incomes less than $25,000 had the lowest incidence of medical debt and financial hardship (10 percent).

Nearly 22 percent of those with a graduate degree had financial hardship from health care costs compared to 8 percent of those with high school diplomas.

Meanwhile, about 42 percent of insured people said they still worry about medical bills, despite having insurance.

Demographics of Medical Debt 4 28 Who experiences medical debt? Photo


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