Medical Debt

In the U.S., whether you have health insurance or not, there usually is some out of pocket expense for getting health care. At some point, you might have caught a cold and decided to wait and see if you get better rather than go see a doctor. The opportunity cost of that choice is the time and money saved plus giving up the possibility that you may have gotten some advice or medication to speed up your recovery. In other situations, the medical problem could be so severe that you cannot delay seeking health care. In this video, look for the hidden costs that accompany the high cost of medical care.

You can view the transcript for “New research says 100 million in U.S. saddled with debt from health care” here (opens in new window).