![]() On the one hand, chronic health conditions make it difficult for patients to balance activities such as employment while seeking medical treatment, thereby increasing their taste for leisure. Households that experience chronic health conditions may also simultaneously experience a “productivity” shock. The second major pathway is through the loss of employment. Similar results have been found among the non-elderly, where about 13% of individuals incurred OOPC exceeding 20% of their annual income. There is an extensive literature, mostly in the elderly population, that has documented the effect of chronic health conditions on OOPC using data from the HRS or Medicare claims files. The first major pathway is through large and repeated out-of-pocket costs (OOPC) of treatment. This study hypothesized that chronic health conditions would be associated with medical debt outcomes through two major pathways. The goal of the current study is to examine the relationship between chronic health conditions and financial burden (out of pocket costs and medical debt) outcomes in the non-elderly population. Our study investigates the association between chronic health conditions and measures of financial burden in the adult population from 18 to 64 years old. But, none of these studies focus on specific health adverse events such as chronic health events. that examined the impact of hospital admissions on out of pocket spending and unpaid bills for non-elderly adults aged from 50 to 64 years. One exception is the study by Dobkin et al. While these studies have provided some insight regarding the impact of chronic health conditions on consumer debt, they tend to focus mostly on the elderly population. More specific to our study, there is an emerging literature on the relationship between chronic health conditions and consumer debt in the elderly using data from the Health and Retirement Study (HRS). Furthermore, uninsured families with medical debt have even depleted their savings and other assets or forgone the consumption of necessities such as food, heat or rent to pay for their medical debt. The financial burden of adverse health events ranges from filing for bankruptcies (the extent of which is controversial, for e.g., ) to medical debt. The rise in treatment costs and associated cost sharing for individuals and families with chronic health conditions have been found to impose a significant financial burden on families or individuals, even those with health insurance.
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