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How Many Americans Carry Medical Debt?

Updated: Jul 28

Find out how prevalent medical debt is in America and learn about the impact it can have on individuals and families. Discover some potential solutions for managing medical debt and finally found out how many Americans carry medical debt.

How Many Americans Carry Medical Debt?

Medical debt is a major financial burden for many Americans. Even those with health insurance can struggle to keep up with the high costs of medical treatments and procedures. So, how many Americans carry medical debt? Let's take a closer look at the statistics and figures.

Prevalence of Medical Debt in America

According to a report by the Consumer Financial Protection Bureau (CFPB), about 43 million Americans have medical debt on their credit reports. That's roughly one in five adults in the United States. This debt can be a significant barrier to financial stability, making it difficult for individuals and families to save for emergencies, pay for basic necessities, and plan for their futures.

The Impact of Medical Debt

Medical debt can have a wide range of negative effects on individuals and families. For example, people with medical debt are more likely to skip necessary medical care or prescriptions because of the cost, which can lead to more serious health problems in the long run. Medical debt can also damage credit scores and make it harder to get approved for loans or credit cards. In extreme cases, medical debt can even lead to bankruptcy.

In addition to these individual impacts, medical debt also has broader societal effects. When people can't pay their medical bills, healthcare providers and hospitals may need to absorb the costs or pass them on to other patients through higher fees and charges. This can make healthcare less affordable and accessible for everyone.

Medical debt is a significant problem in America, and it affects millions of people each year. According to a study by the Kaiser Family Foundation, about 30% of adults in the United States reported having problems paying medical bills in 2022. Of those, 55% had health insurance. The same study found that people with lower incomes, people of color, and people with disabilities were more likely to have medical debt.

One reason medical debt is so common is that healthcare costs in the United States are some of the highest in the world. Even with insurance, deductibles, copays, and out-of-pocket expenses can add up quickly. In some cases, people may need to pay for expensive treatments or procedures that are not covered by their insurance.

Fortunately, there are some potential solutions for managing medical debt. For example, some healthcare providers offer financial assistance or payment plans for patients who can't afford to pay their bills all at once. There are also non-profit organizations and charities that can help people pay for medical expenses.

Another option for managing medical debt is debt forgiveness. is the first-ever debt forgiveness agency that specializes in helping people eliminate medical debt. They work with individuals to negotiate with creditors and healthcare providers to reduce or eliminate medical debt. provides a modern solution to debt, allowing individuals to finally be free from the burden of medical debt.

Medical debt is a major problem in America, affecting millions of people every year. The high cost of healthcare in the United States makes it difficult for many individuals and families to afford necessary medical treatments and procedures. However, there are potential solutions for managing medical debt, such as financial assistance programs and debt forgiveness agencies like By taking steps to manage medical debt, individuals can protect their financial futures and ensure access to the healthcare they need.

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