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Study: Medical bill collectors will contact 1 in 5 Americans
Sacramento Business Journal

Americans pay three times more in medical debt to collection agencies each year than they pay for bank and credit card debt combined, according to a new study by NerdWallet Health.

In 2014, one in five American adults — roughly 51 million — will be contacted by a debt collection agency about medical bills, NerdWallet found. In 2012, $21 billion was collected. Consumers may be overpaying — NerdWallet found hospital billing errors resulting in overcharges of up to 26 percent.

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