‘Now we have nothing.’ Soaring medical debt causes gut-wrenching sacrifices for patients
LA TimesElizabeth Woodruff drained her retirement account and took on three jobs after she and her husband were sued for nearly $10,000 by the New York hospital where his infected leg was amputated. More than half of U.S. adults report that in the last five years they’ve gone into debt because of medical or dental bills, the KFF poll found. America’s debt crisis is driven by a simple reality: Half of U.S. adults don’t have the cash to cover an unexpected $500 healthcare bill, the KFF poll showed. “Now we have nothing.” Debt from medical and dental bills touches nearly every corner of U.S. society, burdening even those with insurance coverage through work or government programs such as Medicare. 2, 3 and 4 reasons, that people go into medical debt is they don’t have the money,” said Alan Cohen, a co-founder of insurer Centivo who has worked in health benefits for decades.