For years, liberals have demanded that Congress and the White House do something about medical debt, which they say is pushing millions of people into bankruptcy. To date, there has been little federal action on the topic. So some state lawmakers are taking matters into their own hands.
Over the past few months, they've introduced or passed measures aimed at easing medical debt burdens in more than a dozen states. A few additional pieces of medical debt legislation are slated for debate in state legislatures in the near future.There's no doubt that the high cost of healthcare is burdensome for many patients. Yet a sober look at the numbers shows that medical debt is not the crisis that liberals claim it to be.
Plenty of people use similar strategies for other large purchases. And lots of people willingly take on all sorts of other debts. The average household carries more than $100,000 in debt across credit cards, car loans, mortgages, and other loans. Earlier this year, for instance, Sen. Bernie Sanders renewed his calls for a complete government takeover of the health system. Under such a single-payer system, he argued, healthcare would be"free," presumably eliminating medical debt.
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