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National News See other National News Articles Title: 18 Horrifying Statistics About Medical Bills, Medical Debt And The Healthcare Industry That Will Make You Mad The following are 18 horrifying statistics about medical bills, medical debt and the healthcare industry that will make you so mad you will want to tear your hair out… #1 According to the CFPB, approximately 100 million Americans are in medical debt right now. #2 Even though the vast majority of the population is covered by health insurance, 62 percent of the two million personal bankruptcies that are filed each year in the United States are caused by medical debt. #3 One survey found that U.S. households have piled up more than 220 billion dollars in medical debt. #4 A three day stay in the hospital will typically cost you somewhere around $30,000. #5 Americans spend more than 200 billion dollars treating cancer each year. #6 According to the CDC, heart disease costs this country more than 250 billion dollars each year. #7 According to the NIH, diabetes costs this country more than 400 billion dollars each year. #8 A 25-year-old mother in Nevada was handed a bill for $700,000 after her baby daughter spent about two months in the neonatal intensive care unit. #9 One study found that hospitals overcharge Americans “by as much as 18 times over their costs”. #10 78 percent of U.S. adults have avoided hospital visits because they cost so much. #11 Hospital profits have risen by more than 400 percent since 1999. See also 75,000 federal workers have accepted Trump’s deferred buyout, and while the unions are crying foul, the writing is on the wall #12 A study that was conducted a few years ago determined that more than 90 percent of all hospital bills contain errors that can result in “overcharges, unnecessary costs, and insurance claim denials”… According to a 2020 study published in the Journal of the American Medical Association, billing errors affected over 90% of hospital bills. These errors can result in overcharges, unnecessary costs, and insurance claim denials, leading to financial hardship for patients. #13 The average family premium for employer-sponsored health insurance in the United States has skyrocketed to $25,572 annually. #14 One survey found that 18 percent of all insured adults in the U.S. have had a health insurance claim denied within the past year. #15 Since Obamacare became law, the annual profits of the five largest health insurance companies in the United States have gone up by 230 percent. #16 In 2023, the six largest health insurance companies in the United States had combined revenues of almost 1.1 trillion dollars. #17 In 2023, the CEOs of the five largest health insurance companies in the U.S. brought home approximately 75 million dollars in total compensation. #18 There are five giant pharmaceutical companies that each make more than 10 billion dollars in profits each year. Our healthcare system should not be based on greed. It should be based on helping people and doing what is right for patients. Other industrialized nations spend a much smaller portion of their GDP on healthcare, and many of their systems are actually more efficient. What is wrong with us? Why can’t we get our healthcare system fixed? Can anyone answer that question? Poster Comment: Total healthcare is $4.1 trillion a year. Because of poor diet. If you see High Fructose Corn Syrup on the label put it back on the shelf. Never take a flu shot. Never take any vaxx. Improve your diet. Post Comment Private Reply Ignore Thread
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