Americans are buckling under medical bills. It could get worse. [View all]
Charities that help people cover their medical bills say theyre seeing an alarming increase in requests for help.
Worse yet, they say, its coming even before cuts to Medicaid in President Donald Trumps One Big Beautiful Bill Act take effect and the potential expiration of Obamacare subsidies at years end. The charities are warning of exploding medical debt and lower survival rates for diseases like cancer if Congress doesnt act.
Our organization can't really handle much more demand, said Michael Sapienza, chief executive of the Colorectal Cancer Alliance, which helps patients pay for colonoscopies, tests and cancer treatment.
Financial assistance from the HealthWell Foundation, one of the largest charities in the country, is already 23 percent higher this year than all of last year. Requests swamped the fund it launched this month to help consumers offset higher Obamacare premiums that are likely if the subsidies expire, prompting it to stop taking new applicants after just two days. The Colorectal Cancer Alliance has seen a 26 percent increase in requests year-over-year, and CancerCare, another charity, has seen a 10 percent increase in year-over-year requests.
https://www.yahoo.com/news/articles/americans-buckling-under-medical-bills-120000174.html