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100 million Americans owing $220 billion in medical debt is an average of $2,200 per person. That's too much, but that's not bankruptcy levels of debt. 100 mill
by wat10000 2mo ago
100 million Americans owing $220 billion in medical debt is an average of $2,200 per person. That's too much, but that's not bankruptcy levels of debt. 100 million Americans owe $1.6 trillion in auto loan debt.
530,000 medical bankruptcies per year, in a country of 350 million. That number is too high, but the average American does not go through this.
Please understand the difference between saying "everything is great" and "it's not great, but it's not as bad as you say it is." I'm saying the latter, in response to comments incorrectly stating that the average American experience is that major medical issues result in bankruptcy.
- troupo 2mo agoNow add in all the Americans that don't go to doctors to get treated because their insurance doesn't cover it or it's too expensive, and you're again arguing my original comment for me
- _DeadFred_ 2mo agoBankruptcies normally impact whole families. So 530,000 bankruptcies could easily be 4,000,000 people impacted, per year. Over the last 20 years that is over 20% of the population.
- wat10000 2mo agoOr they could all be single people who went bankrupt because they gambled away all of their money, but they list medical bills as a contributing factor because their bankruptcy filing included a $20 copay for treating their gambler's elbow. See, I can make up stuff too.