Fewer American families had issues paying their medical bills in 2021, according to data released yesterday by the Centers for Disease Control and Prevention. Overall, that means that 10.5 million fewer people were in families that had problems paying their medical debts, a noticeable drop from two years prior. A …
Read More »Healthcare Fintech Raises $220M To Offer Zero-Interest Payment Plans to Consumers
A company that is offering consumers credit in the form of zero-interest, fee-free payments on their medical debts has raised $220 million to expand its operations and grow its business faster. Payzen says it uses technology like artificial intelligence and machine learning to generate payment plans tailored to the budget …
Read More »No Surprises Act Stops 9M Bills, But Disputes Piling Up as Legal Challenges Continue
The No Surprises Act has prevented more than 9 million individuals from receiving surprise medical bills during the first nine months of 2022, according to the results of a survey conducted by Blue Cross Blue shield Association, but the process of how disputes are resolved is facing a legal challenge …
Read More »Report Chronicles Medical Debt Issues for Seniors
Senior citizens in North Carolina and Florida are carrying more medical debt than seniors in any other state, according to the results of a recently released report, which details social threats — including economic instability — to seniors receiving healthcare. Nearly one-in-six senior citizens living in the United States is …
Read More »A lot of Patients Still Getting Unexpected Medical Bills, Despite No Surprises Act
One-fifth of patients who have visited healthcare facilities this year have received unexpected medical bills, despite the enactment of the No Surprises Act, and 22% of those who have received a bill have received one in excess of $1,000, according to the results of a nationwide survey. Surprise medical bills …
Read More »No Surprises Act Having Big Impact on Number of Medical Bills: Report
The No Surprises Act reportedly prevented more than 2 million medical bills during its first two months in effect and could ultimately keep individuals from receiving 12 million medical bills during its first year, according to a report that was issued this week by the Blue Cross Blue Shield Association …
Read More »Survey Reveals Extent of Medical Debt Burdens Placed on Americans
More than 50% of all Americans owe some amount of healthcare debt, and more than 20% owe at least $10,000, according to the results of a survey that were published last week by AffordableHealthcare.com. Making the data even more striking was the fact than 61% of respondents who say they …
Read More »With or Without Health Insurance, Large Number of Americans Lack Funds to Cover Out-of-Pocket Expenses, Survey Shows
Nearly half of consumers have less than $1,000 in their savings account, and one-quarter of consumers have nothing at all, according to data that was released this week as part of the inaugural Aflac Care Index, a report aimed at raising awareness of consumers’ exposure to debt resulting from medical …
Read More »Number of Uninsured Adults Remains Same, But Where They Are Getting Insurance Shifts Dramatically
Where employers continue to back away from offering health insurance to their employees, the government is stepping in to pick up the slack, according to data released yesterday detailing the number of adults in the United States who do not have health insurance. The rate of uninsured adults held steady …
Read More »Out-of-Pocket Healthcare Expenses Keep Rising for Patients
To the surprise of probably nobody, the amount of out-of-pocket healthcare expenses placed on patients continued to rise, and will continue to do so at the same rate for at least the next five years, according to data that was released last week. Patients were expected to absorb and cover …
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