MCC Financial Health: 1 in 5 Families Struggle to Pay Medical Bills

MCC Financial Health: 1 in 5 Families Struggle to Pay Medical Bills

Financial Health:  We found an astonishing factoid the other day.  Our MedCareComplete Medical Bill Negotiator program has a program to help to find ways to trim those pesky medical bills.  In fact, there are an average of 40% savings out of 80% of bills submitted for review.

Factoid

Survey: 1 in 5 Families Struggle to Pay Medical Bills

The CDC recently released survey results on Americans under age 65 who struggle to pay health care bills.  Here are some key findings from the report:

  • From 2011-2014, 1 in 5 persons was in a family that had problems paying medical bills in the past year.
  • The number having problems paying medical bills decreased from 56.5 mil. In 2011 to 47.7 mil. in 2014.
  • 15.8% of males were in families having problems paying medical bills in 2015, down from 20.5% in 2011.
  • Females in family with medial financial difficulty decreased from 22.1% in 2011 to 17.3% in 2015.
  • 12.7% of those who had private coverage in 2015 were in families having problems paying medical bills.
  • 1 in 5 people with public coverage in 2015 are in families having problems paying medical bills.

Source: Centers for Disease Control and Prevention, December 2015

The complete report can be found here:  http://www.cdc.gov/nchs/data/health_policy/probs_paying_medical_bills_jan_2011_jun_2015.pdf

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