More than half of adults in the US have gone into debt because of medical or dental bills in the past five years, according to an analysis by the Kaiser Family Foundation. Black and Hispanic adults are disproportionately burdened by medical debt.
FILE - Health care workers look out the window at NY Presbyterian and Mount Sinai from an overpass at Mount Sinai Hospital, Tuesday, March 16, 2021, in New York. More than half of adults in the United States have gone into debt because of medical or dental bills in the past five years, according to an analysis by the Kaiser Family Foundation. Black and Hispanic adults are disproportionately burdened by medical debt. States in the South also see higher rates of medical debt.
That support has fueled RIP Medical Debt’s far-reaching debt relief. The nonprofit has cleared more than $7 billion of debt since it was founded in 2014 and helped more than 4 million families. Dollar For, a national nonprofit that helps patients get financial assistance from hospitals, increased its budget from $350,000 last year to more than $1 million this year. One big grant came from Draper Richards Kaplan Foundation, which is giving the nonprofit $300,000 total over three years.Nonprofits that help with medical debt at the local and state levels also have received a boost in giving. The Robert Wood Johnson Foundation gave $2.
“There’s a lot of frustration with our elected officials in terms of them moving and solving issues, and we give an opportunity for people to have relief right now,” Sesso says. But Sesso says the systemic solutions that would prevent debt aren’t coming soon enough to negate the nonprofit’s debt relief work.
“The organizations we see making the greatest difference in the lives of others are those that have identified existing legislation that should be helping folks in real time, and in this case, with their medical debt,” Bildner says.
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