The Hill (3/5, Irwin ) reports that more than 31 million Americans borrowed money for health care in 2024, according to a West Health-Gallup survey. These individuals accumulated approximately $74 billion in debt despite having some form of health insurance. The majority of borrowers were “were ages 18-29, 30-39 and 40-49,” with only 2% over 65. Black and Hispanic Americans were more likely to borrow, with 23% of Black respondents and 16% of Hispanic adults doing so, compared to 9% of white adults. Additionally, 58% of Americans “say they are at least somewhat concerned that a major health event will put them in debt.” The survey included 3,583 respondents and had a margin of error of 2.1 percentage points.
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— “31 million Americans borrowed money for health care last year: Poll,” Lauren Irwin, The Hill, March 5, 2025