Medical debt is one of the leading causes of personal bankruptcy in the United States. In fact, medical debt is the number one cause of bankruptcy for people under the age of 45. There are many reasons why medical expenses are so high, but one of the main reasons is because our health care system is broken. In this blog post, we will discuss 10 reasons why medical expenses are so high, and we will also offer a debt elimination program that can help you get out of debt!
Why is healthcare so expensive?
There are a number of factors that contribute to the high cost of healthcare, but some of the main reasons include:
-The rising cost of health insurance premiums. In recent years, health insurance premiums have been rising at an alarming rate. In fact, between 2001 and 2011, health insurance premiums rose by more than 80%. This is one of the main reasons why medical expenses are so high.
-The rising cost of prescription drugs. Prescription drugs make up a large portion of medical expenses for many people. The cost of prescription drugs has been rising at an alarming rate in recent years. In fact, between 2006 and 2016, the average cost of prescription drugs increased by more than 90%. This is one of the main reasons why medical expenses are so high.
-The rising cost of hospitalizations. The cost of hospitalizations has also been rising at an alarming rate in recent years. In fact, the average cost of a hospital stay increased by more than 60% between 2001 and 2011. This is one of the main reasons why medical expenses are so high.
-The rising cost of doctor’s visits. The cost of doctor’s visits has also been rising in recent years. In fact, the average cost of a visit to the doctor increased by more than 50% between 2001 and 2011. This is one of the main reasons why medical expenses are so high.
These are just some of the factors that contribute to the high cost of healthcare. If you are struggling with medical debt, we can help. We offer a debt elimination program that can help you get out of debt and save money on your medical expenses. Contact us today to learn more!
What can you do to help you eliminate medical debt?
If you are struggling with medical debt, we can help. We offer a debt elimination program that can help you get out of debt and save money on your medical expenses. Contact us today to learn more!
Our debt elimination program can help you:
-Eliminate your debt in as little as 12 months.
-Save money on your monthly payments.
-Get out of debt without having to declare bankruptcy.
-Protect your assets from creditors.
If you are struggling with medical debt, we can help. Contact us today to learn more about our debt elimination program and how we can help you get out of debt!
Medical providers
One of the main reasons medical expenses are so high is because our healthcare system is broken. Our healthcare system incentivizes quantity over quality, which means that doctors and hospitals are paid more for doing more procedures, regardless of whether or not those procedures are necessary. This is one of the main reasons why medical expenses are so high.
If you’re struggling with medical debt, we can help. We offer a debt elimination program that can help you get out of debt and save money on your medical expenses. Contact us today to learn more!
The U.S. population is growth is unhealthy
Another reason medical expenses are so high is because the U.S. population is growing more unhealthy. As the population gets older and more obese, there is a greater demand for healthcare services. This is one of the main reasons why medical expenses are so high.
If you’re struggling with medical debt, we can help. We offer a debt elimination program that can help you get out of debt and save money on your medical expenses. Contact us today to learn more!
The Affordable Care Act has made healthcare more expensive
The Affordable Care Act has also made healthcare more expensive. The law requires that all Americans have health insurance, which has driven up the cost of premiums. In addition, the law requires that all insurance plans cover certain
More expensive procedures
Another of the main reasons medical expenses are so high is because new technology is always being developed and it is always more expensive than the older technology. For example, a new cancer drug may cost $100,000 while an older cancer drug may only cost $50,000. This is one of the main reasons why medical expenses are so high.
If you’re struggling with medical debt, we can help. We offer a debt elimination program that can help you get out of debt and save money on your medical expenses. Contact us today to learn more!
Most Americans don’t choose their own healthcare plan
Many Americans don’t have the option to choose their own healthcare plan. Their employer chooses their healthcare plan for them. This means that many Americans are stuck with high premiums and high deductibles. This is one of the main reasons why medical expenses are so high.
If you’re struggling with medical debt, we can help. We offer a debt elimination program that can help you get out of debt and save money on your medical expenses. Contact us today to learn more!
The cost of insurance is rising faster than wages
Another reason medical expenses are so high is because the cost of health insurance is rising faster than wages. This means that fewer people can afford to pay for their own health insurance.
There’s a lack of information about medical care and its costs
Another reason medical expenses are so high is because there’s a lack of information about medical care and its costs. This means that people don’t know how much their procedure will cost until after they’ve received the care. This is one of the main reasons why medical expenses are so high.
If you’re struggling with medical debt, we can help. We offer a debt elimination program that can help you get out of debt and save money on your medical expenses.
Source: https://en.wikipedia.org/wiki/Medical_debt
Source: http://curadebt.com/
Source:https://www.kff.org/health-costs/issue-brief/the-burden-of-medical-debt-in-the-united-states/
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