1,495 Americans Describe the Financial Reality of Being Really Sick
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“Do you pay the hospital bill or do you pay the utility bill?” Don’t count on your health insurance for serious illnesses, a new survey warns.
The whole point of health insurance is protection from financial ruin in case of catastrophic, costly health problems. But a recent survey of people facing such problems shows that it often fails in that basic function.
The survey, of some of the country’s most seriously ill people, found that even with health insurance, more than a third of the respondents had spent all or most of their savings while sick. They are often faced with deductibles and co-payments; treatments their insurance won’t cover; and financial challenges — like lost work — that health insurance alone can’t address.
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