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By the time a non-profit has paid off your medical debt, your financial life has already been destroyed by these companies. It is a band-aid.
by bparsons 3y ago
By the time a non-profit has paid off your medical debt, your financial life has already been destroyed by these companies. It is a band-aid.
- zikduruqe 3y agoOur family filed for bankruptcy due to medical debt. Within two years, our lives were back to normal. I financed a car at a cheap interest rate, and bought a house (and my current interest rate is 2.5%). Anytime a financial institution asked why we filed for bankruptcy, we told them it was due to medical bills and they would laugh and say that they see it all the time. It really wasn't a big deal. And businesses get to do this all the time for bad business ventures. Why can't people do it because of no fault of their own? Sometimes bad things happen to good people.
- yareal 3y agoWhat if you have a chronic medical issue?
- zikduruqe 3y agoI'm not a medical expert, but I would guess that the initial diagnosis and treatment of a serious medical issue is more expensive, than the maintenance of a chronic condition that is already diagnosed and defined. Regardless, the US medical system sucks. If any other industry was run like our current medical system, it would be torn down in a heartbeat by Congress. But there is too much money moving around and those in charge love them some money.
- yareal 3y ago> I'm not a medical expert, but I would guess that the initial diagnosis and treatment of a serious medical issue is more expensive, than the maintenance of a chronic condition that is already diagnosed and defined Unfortunately, as someone who works with the disabled community, that's not always the case. Plenty of folks need constant medication, live in care, support devices that wear out, or other high cost consumables. Agree though, our health care system is terrible.