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Rise of medical debt linked to increasing health insurance costs

Posted On: Jan. 9, 2023 9:45 AM CST

One of the biggest catalysts for rising medical debt among Americans is the rapidly increasing cost of health insurance, according to a survey conducted by Kaiser Family Foundation, CNBC reports. Widespread medical debt is a uniquely American problem, with roughly 40% of U.S. adults reporting at least $250 in medical debt.