Life Kit Tips for negotiating your medical bills
7 snips
Mar 28, 2023 
Jared Walker, founder of Dollar For, shares his expertise on tackling the staggering $195 billion medical debt crisis in America. He emphasizes that medical bills are often negotiable and offers practical strategies for reducing costs. Learn about charity care options and the critical difference between hospital types. Walker provides insights on disputing charges and the power of communication in negotiations. He encourages maintaining mental well-being while navigating this complex landscape and highlights the importance of support from loved ones.
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Double Medical Crisis
- Jared Walker recounts a story about his wife's aunt passing away and his cousin's premature labor.
- Both families faced medical crises and financial strain, highlighting the link between health and money issues.
Medical Debt
- Medical debt is a widespread issue, not a personal failing, due to a broken system.
- Astronomical medical bills are often negotiable and shouldn't be immediately paid.
Don't Rush
- Take time before paying medical bills, as they don't immediately affect your credit.
- Develop a plan to address medical bills strategically instead of panicking.