There is nothing more important than a person's health. As such, no one should ever consciously forgo the necessary health care because of existing money problems. Yet, a recently published study reveals that this is exactly what is happening.
Researchers at the University of Michigan recently set out to determine whether there were any definitive links between forgone health care, and certain types of debt or financial troubles.
After examining survey responses from 914 residents of southern Michigan, the researchers determined the following:
- 64 percent of people who were ill but consciously chose to forgo medical care carried an average of $8,541 in credit card debt.
- Almost 58 percent of people who were ill but consciously chose to forgo medical care already carried excessive medical debt