Medical Xpress March 5, 2025
More than 31 million Americans (12%) report needing to borrow about $74 billion last year to pay for health care despite most having some form of health insurance, according to a new survey from West Health and Gallup. Nearly one-third (28%) report being “very concerned” that a major health event could throw them into debt.
The survey found almost 20% of Americans aged 49 and under needed to borrow money to cover medical costs compared with just 9% of those 50 to 64. Women between the ages of 50 and 64 were twice as likely as men in the same age group to say they had to borrow (12% vs. 6%). Two percent of Medicare-eligible adults (those over the age...
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