WASHINGTON, Sept. 26 – U.S. Sen. Bernie Sanders (I-Vt.) heard testimony Tuesday afternoon from Dr. Deborah Richter of Cambridge, Vermont, during a Senate roundtable discussion focused on the costs and availability of health care in rural America.
A report by the financial education website Nerdwallet.com released today shines new light on medical debt’s crippling effect on American households. Between 2010 and 2013, American households lost $2,300 in median income, but their healthcare expenses rose by $1,814, according to Nerdwallet. Out-of-pocket healthcare costs are expected to accelerate to a 5.5% annual growth rate by 2023 – more than twice as fast as the national economy, which grew by 1.9% last year.