1 in 3 Americans with health insurance have medical debt, survey finds
Nearly half of Americans with medical debt owe at least $2,000, forcing them to make tough choices, new research shows.
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Nearly half of Americans with medical debt owe at least $2,000, forcing them to make tough choices, new research shows.
On Tuesday, Gov. JB Pritzker, Cook County Board President Toni Preckwinkle, and other leaders announced $1.5 billion in medical debt forgiveness for people in Cook County.
The ruling targets a Consumer Financial Protection Bureau rule that would have removed medical debt from 15 million credit reports.
A tropical vacation to the Dominican Republic ended with a far northwest suburban Chicago family stuck in the hospital, and drowning in medical debt. Charlie De Mar reports.
This finding comes at a time when an estimated 14 million people in the United States have medical debt, according to an analysis by the Kaiser Family Foundation. Ash-har Quraishi reports.
The Consumer Financial Protection Bureau will remove $49 billion in debt from credit reports. Ashlee Walton of Goldstone Financial Group joins Jim Williams and Marie Saavedra with what changes will come from the new rule.
He said Loyola Medicine had already announced it will forgive $112 million in medical debt, helping more than 60,000 people in Illinois.
On Monday, he talked about proposed legislation to give more than $340,000 people in the state relief from medical debt. He said Loyola Medicine already announced it's forgiving $112 million in medical debt.
Before Casey McIntyre died last Sunday, she bought others' medical debt as a way of celebrating her life.
