News
Article
Author(s):
In some areas of the U.S., 40% of the population has medical debt in collections
An analysis from HelpAdvisor illustrates how medical debt affects the average American.
One out of every six Americans who have a credit bureau report have medical debt that is in the hands of a collection agency as of February 2022, according to the report. In certain areas of the U.S., the rate of people with medical debt in collections is more than 40%.
Medical debt is a common issue in the U.S., with some 43 million people having unpaid medical bills in 2021, and more than 40% of adults currently have some debt caused by medical or dental bills.
Medical debt often ends up in collections, with the federal government reporting that 57% of all collections accounts are for medical debt.
Here are some key findings from the report: