A Gallup survey released Monday found that more people are getting health coverage thanks to the Affordable Care Act, with the number of uninsured dropping to its lowest point since 2008. One hoped-for outcome is an easing of healthcare costs for individuals and families who have trouble paying their medical bills.
NerdWallet last year reported collection agencies would contact some 35 million Americans regarding unpaid medical bills. Half would see their credit rating lowered as a result.
Medical bills would consume the savings of about 15 million Americans, and some 10 million would be unable to pay for rent and food because of their medical bills, NerdWallet found.
A surprising number of people struggled with medical bills despite having year-found health insurance coverage. About 10 million of the insured still couldn't pay their medical bills. More than twice that number don't take their medications as prescribed, either skipping doses or taking reduced amounts to lengthen the time between refills.
Florida is one of three states -- including California and Illinois -- that account for over a quarter of people nationally incurring bankruptcy do to medical costs.
A measure of the health law's success will be whether or not its richer benefits and subsidies for low wage earners are enough to lift these cost burdens. See the NerdWallet report.