Many Americans who have had medical debt have attempted to negotiate their medical bills — and a majority have experienced positive results, according to a new survey.
About 93% of people who negotiate a medical bill have seen it reduce or drop entirely, according to a new survey by LendingTree, which highlighted the impact of medical debt on Americans.
The online loan marketplace discovered that medical debt has burdened about 60% of Americans. Rising care costs and shrinking insurance or a lack of coverage can swamp patients with debt, especially if they need a medical helicopter, which can, in some cases, result in bills topping $20,000.
About 23% of respondents said that they have dealt with medical debt in the past. However, about 37% are still dealing with it today.
www.foxbusiness.com/personal-finance/americans-medical-bills-debt-decline