How To Get Your Medical Debt Canceled
Money Rehab with Nicole Lapin
Money News Network
4.6 • 1.7K Ratings
🗓️ 12 January 2024
⏱️ 8 minutes
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| 0:00.0 | I'm Nicole Lapin, the only financial expert you don't need a dictionary to understand. |
| 0:06.3 | It's time for some money rehab. So I think about this meme all the time. If you watch Breaking Bad it's going to make sense to you. |
| 0:19.7 | The meme goes something like Breaking Bad in Canada. Walter White gets diagnosed with cancer gets treatment. |
| 0:25.4 | The end. |
| 0:26.4 | If you watch the show, you'll get the joke. |
| 0:28.3 | The premise of breaking bad is that the main character, |
| 0:30.5 | Walter White, gets diagnosed with cancer, but can't afford treatment on his |
| 0:34.4 | teacher's salary so he picks up a side hustle of cooking and selling meth. It is crazy to be in the |
| 0:40.5 | United States we watched a show and we're like, yeah, that's an acceptable |
| 0:44.4 | storyline. I'm sorry, what? Are we so numb to how broken our health care |
| 0:50.0 | system is that we think it's normal for someone albeit a character on TV to have to sell meth |
| 0:56.2 | to receive life saving care. All right I know I came in a little hot there but it is something that I feel very very strongly about |
| 1:05.0 | nearly one in ten adults in the United States owe significant medical debt. |
| 1:10.0 | The total amount of medical debt nationwide is about $195 billion. |
| 1:14.4 | So that means if you fill SoFi Stadium in Los Angeles with random people off the street, |
| 1:19.0 | almost 7,000 of those people would be in medical debt. |
| 1:23.2 | Maybe you're that one in ten, and if you are or know someone who is, |
| 1:27.1 | here are three steps to help you manage or even cancel your medical debt. |
| 1:32.3 | Number one, fact check your hospital. cancel your |
| 1:35.0 | hospital and get an itemized bill. |
| 1:37.0 | I'm going to give you a stat that gets me as fired up as when I was talking about breaking bad. |
| 1:42.0 | Research shows that four and five medical bills |
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