Nearly half of cancer patients with medical debt owe more than $5,000, even if they have insurance [MSNBC.com]
TransUnion (TRU)
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Source: MSNBC.com
insurance doesn’t necessarily protect patients from medical debt: Asurvey from the American Cancer Society's Cancer Action Network publishedThe findings underscore theexorbitant cost of cancer careThe results were based on survey responses taken from nearly 1,300 cancer patients and survivors from March 18 through April 14.Overall, 47% of patients reported medical debt related to theircancer treatmentVirtually all — 98% — had health insurance at the time the debt was incurred.“While it is terrific that 98% had some form of coverage, what this tells us is that’s clearly not enough,” said Karen Knudsen, the CEO of the American Cancer Society. “Cancer care is really devastating to people’s financial position.”Medical debtrecommended cancer screeningsIt can also harm one's credit score, making it hard to qualify for loans or an apartment. That propelled the nation's biggest credit reporting bureaus — Equifax, TransUnion and Experia —in 2022The survey also found that Black and Hispanic pat
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