44. Getting Trapped in Overwhelming Medical Bills
Medical bills wreak havoc on people’s finances, especially those who have chronic and debilitating conditions. When paying such debts, it’s easy to run through savings, turn to credit and take out loans. Despite your efforts, you might still end up broke.
A poll conducted by NPR and its associates in 2015 asked people how healthcare costs had impacted their finances. Twenty-seven percent reported being unable to cover basic necessities, such as food, heat or housing. And 7 percent had filed bankruptcy.
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