Affordable Care Act

For five years now, the out-of-pocket costs of healthcare have escalated rapidly. Consider a 2014 report by Forbes, where it was explained that out-of-pocket costs went up by 8 percent between just 2013 and 2014 and is expected to continue to rise. In fact, the costs have doubled since 2009. And although more Americans are covered due to the Affordable Care Act, with deductibles increasing, the out-of-pocket cost of care has become so expensive that many Americans simply choose to cut costs by avoiding needed treatment that would not be covered under their plans. According to the USA Today, four out of 10 adults reported foregoing some sort of care due to high deductibles. Therefore, it should come as no surprise that medical debt has…