iPhones? Most People Can't Afford a $100 Medical Bill

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iPhones? Most People Can't Afford a $100 Medical Bill

Mar, 24th 2017

House Oversight Committee Chairman Jason Chaffetz faced immediate ridicule early this month after he said that Americans should forego their iPhones to afford health insurance. Critics rushed to point out that the about $700 cost of an iPhone comes nowhere near the average annual cost of health-care spending, or about $10,000 per person.

As if to drive home that point, a new survey shows that Americans have trouble affording most unexpected medical bills, even in smaller amounts. For a majority, or 52%, an unexpected medical bill that cost more than $500 would be out of reach. And unexpected medical bills that cost more than $100 would be unaffordable for 37%, or more than a...

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