Medical debt is becoming a threat to home ownership and housing stability for working families, and health insurance is doing little to protect them, according to a study by the Access Project. A survey of nearly 1,700 people at taxpayer-assistance areas in seven cities found that more than one-fourth of those with medical debt also reported having housing difficulties, such as an inability to qualify for a mortgage or pay rent or monthly mortgage bills. Less frequently, respondents reported losing a home to foreclosure or eviction. The researchers found that 40% of those who knew they had medical debt on their credit record reported having housing problems, and the incidence of those problems climbed to 60% among those who had been sued for medical debt. One out of six respondents with medical debt of less than $500 said the debt had harmed their credit, and 12% with less than $500 in medical debt said they had housing problems. Read the executive summary. -- by Cinda Becker
Medical debt threat to home ownership for many: report
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