The rising amount of debt U.S. consumers are accumulating continues to be troublesome. Whether its debt from credit cards, auto loans, mortgages or student loans the amounts are staggering. Surprisingly there is another category of debt that is growing at a much faster rate then those other forms of debt. Medical debt is reaching epidemic proportions in the U.S. Brought on by rising healthcare cost and combined with inadequate or insufficient health insurance coverage, many Americans are becoming sick to debt. In this episode we discuss the some of the factors that contribute to medical debt and offer some solutions to protect yourself from incurring it or managing it for those who are currently dealing with this issue.
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