Planet Money Tackle your medical debt with Life Kit
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Jul 31, 2023 
Jared Walker, the founder of Dollar For, is on a mission to tackle the staggering $195 billion medical debt crisis in the U.S. He shares insights on negotiating medical bills and the importance of understanding CPT codes. Personal stories highlight the emotional weight of medical expenses, while practical tips reveal how to navigate financial assistance programs. Walker emphasizes that just because a bill arrives doesn't mean you have to pay the full amount, making this discussion a must-listen for anyone struggling with medical costs.
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Double Medical Crisis
- Jared Walker recounts a time when his wife's aunt passed away and his cousin went into premature labor, both requiring costly medical care.
- This experience highlighted the financial burden of medical crises in the US.
Medical Debt is Negotiable
- There is an estimated $195 billion of outstanding medical debt, emphasizing that patients are not alone.
- Medical bills can be negotiated; the prices are not fixed.
Don't Rush
- Don't feel pressured by bills marked "due upon receipt"; you have time before it impacts your credit.
- Take time to breathe, plan, and address the situation strategically.