Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Israeli media: At least two soldiers killed by anti-tank missile fired at Israeli army forces in the Gaza Strip
Local Syrian sources: Mortar shells fell on more than nine villages in the Sweida countryside
Local Syrian sources: Dozens of dead and wounded have arrived at Sweida hospitals as a result of ongoing clashes at several locations in the western Sweida countryside
Local sources: Civilians, including children and women, were injured in the al-Maqous neighborhood of Sweida, in Syria, as a result of ongoing clashes
Israeli media outlet: Security incident reported in the Gaza Strip
Iranian Foreign Ministry spokesperson: No new date or venue has been set for the meeting between Araghchi and Witkoff, and no negotiations will take place until the outcome is guaranteed
Palestinian platforms: Settlers storm Al-Aqsa Mosque complex under the protection of the occupation police
Palestinian platforms: The IOF detonated a booby-trapped robot east of the al-Zaytoun neighborhood, south of Gaza City
Syrian Defense: We call on all parties in Sweida to cooperate with security forces and exercise restraint
Al Mayadeen's correspondent: The Lebanese Army is continuing its investigations and will later announce any information that does not affect the confidentiality of the investigation

Millions of Americans borrowed $74bln in medical debt in 2024: Poll

  • By Al Mayadeen English
  • Source: Gallup
  • 5 Mar 2025 13:53
  • 1 Shares
4 Min Read

Citizens across the United States of all demographic groups relay their concerns as medical care becomes more unattainable, forcing millions into medical debt.

Listen
  • x
  • In this Oct. 7, 2017, photo, fans watch from the University of Iowa children's hospital during the first half of an NCAA college football game between Iowa and Illinois in Iowa City, Iowa. (AP)
    In this Oct. 7, 2017, photo, fans watch from the University of Iowa children's hospital during the first half of an NCAA college football game between Iowa and Illinois in Iowa City, Iowa. (AP)

A staggering 12% of adults in the United States—approximately 31 million people—were forced to borrow an estimated $74 billion over the past year to cover healthcare expenses for themselves or a household member, according to the latest West Health-Gallup Healthcare Survey.

The survey, conducted in November 2024 among 3,583 adults, also revealed widespread anxiety about medical costs, with 58% of Americans expressing concerns about falling into medical debt if faced with a major health event.

Young adults, women, and people of color among most impacted 

Nearly one in five (18%) young adults aged 18 to 29 reported taking on debt for healthcare, a rate similar to those aged 30 to 49. In contrast, borrowing drops significantly for older Americans, with only 9% of those aged 50 to 64 and just 2% of seniors 65 and older reporting the same struggle.

Women, particularly those under 50, are disproportionately affected. One in five women (20%) under 50 borrowed money for medical expenses, compared to 14% of men in the same age group. The gender gap persists for those aged 50 to 64, with women twice as likely as men to have borrowed, though it disappears among seniors 65 and older.

Related News

Supreme Court clears fast-track deportations to random third countries

China-US trade falls 10.4% in H1-2025 to $289.36 billion

Meanwhile, black adults (23%) and Hispanic adults (16%) were significantly more likely to report borrowing money for healthcare than White adults (9%). The gap is even more pronounced among those under 50, where 29% of Black adults said they had to borrow, compared to 19% of Hispanic adults and 14% of White adults.

The survey also found that having children in the household increases the likelihood of medical debt. Parents with children under 18 were twice as likely to have borrowed money for healthcare in the past year compared to those without children at home (19% vs. 8%).

At least $500 borrowed 

Nearly 60% borrowed at least $500 and over half of men borrowed $1,000 or more to cover medical costs, according to the survey.

While women are more likely than men to report borrowing, men tend to take on larger amounts. The financial burden also increases with age—older adults who borrowed typically took on $3,000 or more, compared to a median of $750 for those aged 30-49 and just $300 for young adults under 30.

Even though only 2% of seniors aged 65+ reported borrowing, they often faced high costs, highlighting potential gaps in Medicare coverage, particularly for long-term care. The survey underscores the growing financial strain of medical expenses across different demographics in the US.

Concern looms

A majority of Americans (58%) worry that a major health event could leave them in medical debt, with 28% “very concerned.” Even among seniors aged 65 and older—who are largely covered by Medicare—52% still express concern, reflecting potential gaps in coverage or fears over funding cuts.

Younger adults are even more anxious, with three in five under 65 worried about medical debt. Concerns are also higher among minority groups, with 62% of Black adults and 63% of Hispanic adults expressing worry, compared to 56% of White adults. Women (62%) report greater concern than men (54%).

Financial anxiety over healthcare costs persists across income levels, affecting over 60% of households earning up to $120,000 annually. Even among those making $180,000 or more, 40% still share these concerns. The findings highlight the deep-rooted fears surrounding medical expenses in the US even for those with insurance.

  • United States
  • Medicare
  • US health system
  • US healthcare

Most Read

Hezbollah SG reveals war details on Al Mayadeen for the first time

Hezbollah SG reveals war details on Al Mayadeen for the first time

  • Politics
  • 8 Jul 2025
Major ambush in Gaza kills 6 Israeli troops, injures dozens

Major ambush in Gaza kills 5 Israeli troops, injures 14

  • Politics
  • 8 Jul 2025
Israeli soldiers are seen in Beit Hanoun ahead of an operation by the al-Qassam Brigades, undated (Al-Qassam Brigades Military Media)

'Israel' on blast as media exposes report discrepancies in Gaza ambush

  • Palestine
  • 8 Jul 2025
Yemen Navy sinks ETERNITY C ship, shares footage of operation

Yemen Navy sinks ETERNITY C ship, shares footage of operation

  • Politics
  • 9 Jul 2025

Coverage

All
The Ummah's Martyrs

Read Next

All
The Freedom Flotilla ship Handala as it departs for Gaza, where it aims to break the maritime blockade at a port in Syracuse, Sicily in southern Italy on July 13, 2025. (AFP)
Palestine

Freedom Flotilla's Handala departs Sicily in bid to break Gaza siege

The container ship CMA CGM Laperouse, left, docks at the Georgia Ports Authority's Port of Savannah, Sept. 29, 2021, in Savannah, Ga (AP)
Politics

US shipbuilding woes deepen as tariffs, outdated policies backfire

Gaza war raises ethical questions for ex-Obama, Biden officials
Politics

Mercenary firm tied to Gaza war crimes hires Obama-Biden PR operatives

'Israel' targets children in Gaza collecting water
Palestine

'Israel' strikes Gaza kids fetching water, blames it on 'malfunction'

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS