U.S. consumers held about $88 billion in medical debt as of June 2021. Americans turn to crowdfunding for a variety of reasons such as an unexpected health-related event, lack of insurance coverage, or deferring their medical bills in order to pay for other essential bills.
What is "crowdfunding"? It's when you see something on social media that is a "GoFundMe" type post that is asking for others to donate money to help pay for something. Very often it's to help pay final expenses when a person dies unexpectedly, or for a very expensive medical solution.
Very often these expenses are in states that did not expand Medicaid.
Yahoo Finance did a full story on this recently titled - Americans crowdfunding for medical debt is 'insane' — and inefficient, experts find it's a good quick read, with data and good graphics too.
Link to the story - https://finance.yahoo.com/news/medical-debt-crowdfunding-114508030.html