Posted by Michael Wonder on 22 Mar 2018
Getting sick can be really expensive, even for the insured
22 March 2018 - Beyond medical costs, a trip to the hospital can mean a permanent reduction in income for many Americans, new research shows.
When you get really sick, the medical bills may not be your biggest financial shock.
New research shows that for a substantial fraction of Americans, a trip to the hospital can mean a permanent reduction in income. Some people bounce right back, but many never work as much again. On average, people in their 50s who are admitted to the hospital will experience a 20 percent drop in income that persists for years. Over all, income losses dwarfed the direct costs of medical care.
