Women Burdened by Medical Debt
Medical bills are often a huge source of financial burden to millions of Americans each year. With medical charges at an alarming rates, insurance coverage at an alarming low, and high deductibles – many people find that they have unwittingly incurred a huge debt that they cannot pay. Evidence shows that women are more likely to be crippled by medical debt than men.
Women tend to have more medical issues because they have more vulnerable “parts” than men. The entire female reproductive tract accounts for a huge proportion of issues that women face. Whether it be uterine cancer, cervical cancer, endometriosis, pregnancy issues, miscarriage, yeast infections, ovarian cysts, ovarian cancer – the list goes on and on – women have more internal parts that are left vulnerable to disease.
Other factors that contribute to women having challenges with medical debt include:
- Women are charged more than men for the same insurance
- Women typically have higher out-of-pocket costs than men
- Women are generally paid less than men
All of these factors, combined with the fact that women face more issues due to their physical makeup, cause millions of women in America to find themselves burdened with debt. In fact, many women are left with two choices: simply deal with their issues without receiving the necessary medical care that they need, or rack up huge medical bills that they will not be able to pay. Medical bills are responsible for 60% of all bankruptcies in the United States, and research shows that this problem is only getting worse – mostly for women.
At Gingold & Gingold, LLC, we understand how many individuals become overwhelmed by medial debt. If you are struggling to pay medical bills and/or you have collection agencies calling to demand payment, please contact Gingold & Gingold, LLC. We can answer your questions and educate you on the best choices for your financial future. We want to help you feel empowered to make the best decision for you and your family. Call us today to learn about a fresh start and taking control of your financial future.