42.9 million Americans have unpaid medical bills
WASHINGTON, D.C. - A new government report shows that nearly 20 percent of U.S. consumers - nearly 43 million people - have unpaid medical debts.
The findings from the Consumer Financial Protection Bureau suggest that many Americans are being trapped by debt because they are confused by the notices they get from hospitals and insurance companies about the cost of treatment.
As a result, millions of Americans may be surprised to find they are stuck with lower credit scores, making it harder for them to borrow to buy a home or an automobile.
The report by the federal regulator indicates that much of this trouble could be avoided. About half of consumers who only carry medical debt have no other signs of being under financial distress.
Desktop NewsClick to open Continuous News in a sidebar that updates in real-time.
Denham Springs city council reviews recovery plan following August 2016 flood
Money Carlo match-to-win mailer misleading to consumers
Court hearing reveals brutal details in molester's murder
Tuesday's ribbon-cutting ceremony marks official opening of water campus
Thieves steal expensive batteries from cranes, backhoes used to repair flooded road