There is no way around the fact that suffering from a sudden and serious illness or injury in this country is an expensive prospect. Like elsewhere in the country, Texas residents who have health insurance often find out that it provides only a false sense of financial security. Most insurers will not cover all of the medical debt incurred, which leaves unsuspecting patients with significant financial struggles as they try to keep up with what medical providers say they still owe.
States had the option to opt into the expansion of Medicaid offered by the Affordable Care Act or not. Texas decided not to do so. It appears that millions of dollars in medical debt across the state was the result.
JAMA Internal Medicine recently published the findings of a study conducted between 2010 and 2016 by researchers at Stanford University. It took years thereafter to compile the data. What it discovered is that the number of patients being surprised by large amounts of medical debt rose dramatically. People here in Texas more than likely discovered the same thing, but they may think it is just the rising cost of health care, but it may be more than that.
Recovering from the great recession did not include saving up for major health care expenses. Most people here in Texas and across the country felt fortunate they managed to get through it with their homes, their jobs and perhaps, some savings. Even so, an unexpected injury or illness could end up costing tens of thousands of dollars, if not more. Some people end up with hundreds of thousands or millions of dollars' worth of medical debt -- and that is with health insurance.
Few people here in Texas, or elsewhere for that matter, have the financial resources needed for extensive, and expensive, hospital care. A sudden serious illness or injury can wipe out a person's finances in no time. That medical debt can follow him or her for months or years. Eventually, not being able to pay that debt could result in one or more lawsuits from medical providers.
Paying for medical care can be tough, but most people in Texas hope that they will be able to tackle bills as they arise. Unfortunately, this is often not the case. Millions of people in America are struggling with medical debt. While most people truly want to pay off these debts and move on with their lives, doing so can be easier said than done.
Like other families across the country, many here in Texas struggle financially. One of the reasons for some families' struggles is due to medical debt. Even a brief trip to the emergency room can cost thousands of dollars, even with health insurance.
Any Texas resident who has spent any amount of time in a doctor's office or hospital knows how expensive it is to be sick or injured. It probably will not come as a surprise to know that medical debt leads to numerous bankruptcy filings across the country every year. When you look at the data, it is not difficult to see why.
Getting sick or injured here in Texas or elsewhere in the country can be expensive. Even with health insurance, some people end up owing thousands of dollars in medical debt. Anyone experiencing this right now should know that others are going through the same thing.
Many Texas residents avoid going to the doctor as much as possible due to the high cost of health care. However, there are times when seeking medical attention is unavoidable. When a serious illness or injury strikes, the accompanying medical debt could financially devastate a family, and finding a satisfactory way to deal with it could prove elusive.