One in Four Gen Z, Millennials Skip Rent or Mortgage Due to Medical Debt: Survey

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      eridani
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      https://www.healthcare.com/gen-z-millennials-medical-debt-484813

      HealthCare.com’s 2022 Medical Debt Survey shows about one in four Gen Zers and Millennials with medical debt skipped rent or mortgage payments because of their debt.

      Close to half of Millennials and Gen Xers with medical debt say the debt harmed their credit score.

      Two in three Gen Zers who have health insurance but still incurred medical debt say their health insurance plan didn’t cover the service they received.

      More than half of U.S. adults with incomes below $25,000 and medical debt had their bills sent to debt collectors.

      Comment by Don McCanne of PNHP: Because of the nation’s refusal to replace our fragmented, inequitable system of health care financing with a universal, comprehensive, equitable single payer system, it is inevitable that many individuals will face problems when they are unable to pay their medical bills. This survey describes some of those problems.

      Perhaps one of the more alarming is the need to skip rent or mortgage payments thereby threatening their housing. This is a major consequence when you consider that a well-designed, universal, single payer system would totally remove the threat to housing caused by medical debt.

      Some of the other risks are the obvious: damaged credit score decreasing flexibility in the marketplace, being hounded by debt collectors, decreased ability to build capital reserves for purposes such as retirement. In other words, screwed up credit merely because of the misfortune of having medical problems in a nation that has still declined to adopt a truly universal, comprehensive, equitable, progressively funded, health care financing system that we all could afford.

      How can we tolerate seeing people evicted from their homes merely because of having faced medical misfortune for which our current health care financing system will not guarantee coverage? We can fix that.

      Jesus: Hey, Dad? God: Yes, Son? Jesus: Western civilization followed me home. Can I keep it? God: Certainly not! And put it down this minute--you don't know where it's been! Tom Robbins in Another Roadside Attraction

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