America’s medical debt is much worse than we think

America’s medical debt has been widely tagged as an $81 billion crisis. The crisis part is spot on. The magnitude of the problem isn’t. Groundbreaking research from Stanford economist Neale Mahoney indicates an even grimmer situation: Americans are actually saddled with at least $140 billion in outstanding medical debt. The earlier $81 billion figure — heavily cited during the last presidential election cycle — was based on a narrower measure of medical debt and a restricted sample of people.

Read the source article at SIEPR
2021-07-20 23:17:00