93% of Americans Who Negotiate Their Medical Bills Reduce or Eliminate Them, Study Finds


Most Americans who negotiate their medical bills are successful in getting them dropped or reduced, according to one study published on March 15 by the online loan company LendingTree.

LendingTree conducted an online survey of 1,550 Americans between the ages of 18 and 75 from February 19 to 22. Below are four of his notable findings on Americans’ medical debt:

  1. Sixty percent of Americans have been in debt because of medical bills, and 37 percent currently have medical debt.
  2. Seventeen percent of respondents with medical debt owe less than $ 1,000, 31% owe between $ 1,000 and $ 4,999, 22% owe between $ 5,000 and $ 9,999, 18% owe between $ 10,000 and $ 19,999 and 13% owe $ 20,000 or more.
  3. Thirty-three percent of respondents who paid off their medical debt did so using their savings. Twenty-three percent used credit cards, 13 percent found another job, 10 percent took out a medical loan, 9 percent borrowed from a friend or family member, and 8 percent said bankruptcy.
  4. Three-quarters of respondents who had medical debts negotiated their bills, although older respondents were less likely to do so. Ninety-three percent of those who negotiated had their bills reduced or abandoned.


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