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Taking a look at statistics on medical debt

Whether a family is having a hard time paying for an unexpected health condition or someone cannot pay their bills because of a recent job loss, there are many reasons why people struggle with medical debt. In Pittsburgh, PA, it is crucial for people in this position to explore all avenues and try to eliminate their debt.

According to information published by the Centers for Disease Control and Prevention, over one out of every four households had financial hardships related to medical treatment during 2012. Moreover, those who had a minor child living in the home and those whose income was 250 percent lower than the federal poverty level were especially vulnerable to financial challenges stemming from medical treatment. In fact, a survey that was conducted found that one out of 10 people belong to a family that cannot even pay their medical bills.

Moreover, medical debt can affect people of all ages. According to a recent survey, people who were 17 years old and younger had a greater chance of belonging to a family that was struggling with medical expenses in comparison to adults between the ages of 18 and 64. For children who are in a family that is having difficulty with medical costs, the challenges could have an impact on their life in various ways. For example, they may not have the ability to attend a particular college or buy clothes they need and the economic troubles could affect their grades, to name a few. As a result, it is essential for everyone who is facing financial hurdles because of medical debt to try and work towards a solution.

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