In 2020, nearly four million adults aged 65 and older reported having unpaid medical bills

Statistic Info

The article from the Consumer Financial Protection Bureau highlights the issues older Americans face with medical billing and collections. Despite nearly universal health insurance coverage, nearly four million adults aged 65 and older reported having unpaid medical bills in 2020, totaling $53.8 billion. The complexity of the medical billing system, especially for those with multiple insurance sources, contributes to inaccuracies and the challenge of resolving errors. The report also notes the significant emotional and financial toll these inaccuracies take on older adults, including impacts on credit and access to care. For more details, please visit the full report on the Consumer Financial Protection Bureau’s website.

Author: Consumer Financial Protection Bureau

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