August 23, 2022
  • A study published in JAMA Internal Medicine supports the connection between health and financial stability, showing that individuals with a higher number of chronic conditions have a higher chance of encountering financial hardship. The adjusted amount of medical debt in collections among more than 2.8 million commercially-insured adults jumped 60 percent, from $784 for individuals with no chronic conditions to $1,252 for individuals with seven to 13 chronic conditions. Chronic conditions associated with the greatest increases in medical debt in collections were severe mental illness ($274), substance use disorders ($268), stroke ($235), congestive heart failure ($234), and liver disease ($228). (Study here)