CreditCards.com poll finds Americans are falling into credit card
debt to pay for health care
Feb. 1 2008 - Nearly two out of three Americans (62 percent) say they or their family could face hard financial times if they experience a serious illness, a new national CreditCards.com poll finds.
The poll, conducted for CreditCards.com by GfK Roper Public Affairs & Media, surveyed 1,004 American adults in a random telephone survey Jan. 18-20, 2008. It is part of a newly released special report, "Health Care and Credit," in which CreditCards.com takes an in-depth look at how Americans increasingly turn to credit and fall into debt to pay for health care.
The CreditCards.com poll found:
In addition to the poll, the special report examines how the health care industry is changing as out-of-pocket medical costs rise dramatically for many American families.
"This is an issue that hits home for almost every American family as they try to figure out how to pay medical bills," said CreditCards.com Vice President of Strategic Marketing Jody Farmer. "Many people are putting medical expenses on credit cards, but consumers must weigh their choices carefully and comparison shop for the best options. CreditCards.com empowers consumers seeking information with facts, advice and choices so that they can make smart credit decisions in these situations."
The CreditCards.com report also provides 15 tips for paying high medical bills - practical advice for consumers who are trying to figure out how best to cope. Among the suggestions: try negotiating with the doctor or hospital to lower the bill, ask about charity care programs at hospitals and work out payment plans with the medical provider.
CreditCards.com editors and writers are available to comment on the poll and the special report. To set up an interview or to get more information, contact Daniel P. Ray, Editor-in-Chief, at 512-996-8663, ext. 131.
CreditCards.com is a leading online credit card marketplace connecting consumers with multiple credit card issuers, including nine of the ten largest in the United States, based on credit card transaction volume. Through its website, https://www.creditcards.com/, CreditCards.com enables consumers to search for, compare and apply for more than 150 credit cards and offers credit card issuers an online channel to acquire qualified applicants.
Ben Woolsey, 512-996-8663, ext. 106
Director of Marketing
NOTE TO EDITORS: The information contained in this release is available for print or broadcast with attribution to CreditCards.com.