brand brand
Helping good people through bad times

Medical debt is a crippling financial burden

In the last several years, the Kaiser Family Foundation, in conjunction with the New York Times, conducted a survey of Americans regarding the prevalence and impact of medical debt on their lives. The results are both devastating and shocking, but Tennessee families that have faced unexpected or extremely expensive medical situations may relate to the statistics presented in the study's report.

According to the study, around one out of every four adults surveyed struggled to pay a medical bill in the year prior to the survey. Of those that were surveyed, 44 percent also reported that paying medical bills had a major impact on their families and 47 percent reported that paying those expenses had a minor impact on their families.

Individuals who struggle with medical debt reported that they often had to forego fixing important household systems like the plumbing because of their medical expenses; others put off getting additional medical care because they could not afford the bills for the medical procedures they had previously received.

Families have had to skip trips to the grocery store because of their outstanding medical expenses while others have had to take out additional loans in order to maintain their lives while they pay off their medical bills. It is clear to state that medical debt is a damaging problem that can send a family into a fast downward financial spiral.

Medical debt can be overwhelming but readers should have hope that help is out there. From debt relief programs to bankruptcy, there are ways to relieve themselves from the pressures of medical debt. Debt relief attorneys can help individuals caught in this painful financial trap find the footing they need to get back on solid financial ground for themselves and their families.

No Comments

Leave a comment
Comment Information

Kenneth C. Rannick, P.C.
4416 Brainerd Road
Chattanooga, TN 37411

Phone: 423-954-7180
Phone: 423-624-4002
Fax: 423-624-0509
Chattanooga Law Office Map