While the Affordable Care Act made it possible for millions of people to have health coverage, that doesn't mean it's easy to deal with medical bills. Medical debt is the top reason consumers say they're contacted by collection agencies — and if the ACA goes away, taking people's coverage with it, the situation could get a lot worse.
Kaiser Health News writes in a report that 59 percent of people reporting contact from a debt collector say it is for medical services. The data, from a study by the Consumer Financial Protection Bureau, indicates the second most common reason for collection calls is overdue telecommunications bills (37 percent), followed by utilities, the third most common (28 percent).
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
