When WalletHub asked its panel of experts how Americans could minimize their health-related expenditures, UC San Francisco professor James Kahn pulled no punches: "Move to a country with universal health coverage."

"Honestly, there are no good ways to minimize health spending in the U.S.," he said. "One in four American adults currently has medical debt. That is about 65 million people." A recent report from Kaiser Health News estimated that number a bit higher at 100 million Americans carrying health care debt. That amounts to 41% of all adults in the U.S.

On finding the right balance between level of medical coverage and cost of premium, Drexel University's Sandra L. Bloom was equally bleak: "I have no tips – it is a nightmare. The system is completely broken unless you are on Medicare or in the military – or have enough money to hire a 'concierge' doctor."

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Richard Binder

Richard Binder, based in New York, is part of the social media team at ALM. He is also a 2014 recipient of the ASPBE Award for Excellence in the Humorous/Fun Department.