Monday, April 12, 2021

Nearly One in Five Households Has Medical Debt

The most comprehensive look at the characteristics of Americans with medical debt is available from the Census Bureau's Survey of Income and Program Participation (SIPP). The 2018 SIPP included new questions about medical debt, asking respondents whether, in the past year, they had medical bills they were unable to pay in full. 

Overall, 19 percent of households had medical bills they were unable to pay in 2017, the Census Bureau reports. Here are the percentages by age group...

Percent of households with medical debt by age of householder
Total households: 19.0%
Under age 35: 19.4%
Aged 35 to 44: 22.4%
Aged 45 to 54: 22.9%
Aged 55 to 64: 22.0%
Aged 65-plus: 11.3%

Not surprisingly, households with at least one member who did not have health insurance during the year were most likely to have medical debt (31 percent). But even among households in which every household member had health insurance coverage all year, a substantial 16 percent had unpaid medical bills. The average amount of medical debt owed by households with such debt was a substantial $12,430. 

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