Even though we are hearing that the economy is improving for some Americans, one area where many residents of Dade, Broward, and Monroe County still financially struggle is medical debt created by doctor and hospital bills.
Report: 20 Percent In U.S. Have Unpaid Medical Bills
Medical debt often comes about when someone experiences a serious medical crisis and needs inpatient hospital care, expensive medications, or ongoing treatment for a catastrophic injury or illness. When a serious medical condition arises, usually the individual and his or her family are looking for the best medical care available. Cost and charges take a back seat to saving a family member’s life or helping them recover their health to the extent possible.
While it can be overwhelming if you have incurred significant medical bills, you are not alone. In fact, a new report released by the Consumer Financial Protection Bureau (CFPB) found that almost 43 million Americans have overdue medical debt on their credit reports.