Medical Debt Triggers Housing Crisis
Indianapolis News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Johns Hopkins study reveals a stark link between medical debt and housing instability. Adults with medical debt are 4x more likely to face rent or mortgage payment issues the following year. With Americans carrying $220 billion in medical debt, Indianas 19% medical bill collection rate highlights the struggle. Surprise charges and high-deductible plans exacerbate the issue. Experts suggest debt plans, itemized bills, and early help to prevent debt spiral. Despite Senate approval, Indiana bills to protect wages and homes from medical debt collectors failed in the House.
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