Philanthropists and foundations take calculated risks to invest in activities like research, advocacy, and technical assistance to advance their strategic priorities. A recent study on medical debt relief in the U.S. found that it exceeds $220 billion, impacting 2 in 5 adults, especially those in low-income households, people of color, women, and parents. However, relieving medical debt did not significantly improve financial outcomes or mental health in a study, leading to concerns about the effectiveness of this approach. Efforts are being made to prevent medical debt through policies and reforms at state and federal levels, aiming to address the root causes of healthcare affordability and equity.
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Study: Why relieving medical debt did not improve financial outcomes
