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Have we reached a breaking point? Study says half of American adults struggle to pay for medical care

Seniors Prescription Spending SoarsA new study by the American Cancer Society reveals a growing number of American adults experience financial hardship as a result of paying for medical care.

More than half, 56 percent of respondents, reported facing financial struggles related to health care in the past year. Their experiences were largely determined by their access to insurance, with 54 percent of those without insurance facing adversity due to high costs and 23 percent of those with private insurance reporting the same.

The study also found that people with chronic health issues and those without advanced education are more likely to struggle to cover medical costs. The escalating situation has put pressure on lawmakers from both parties to act.

How have high costs affected your family? Share your thoughts with Voices for Affordable Health.