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The United States has the most advanced medical care in the world, but that doesn't mean much to those who can't afford it. With the passage of the Affordable Care Act, aka: Obamacare, more Americans are now insured. Even so, the cost of medical care sends more Americans into bankruptcy court than any other cause.
While it's clear the system needs reform, politicians bicker about the best way to do it. Americans continue to shoulder the high cost of getting sick. Healthcare has gotten overshadowed in this election, but here's what everyone should know before casting their vote for the next president of the U.S.
Texas leads the nation with the highest percentage of residents without health insurance—about 19 percent of the state's population. In 2015, seven states had uninsured rates that were at or below 5 percent: Rhode Island, Massachusetts, Vermont, Minnesota, Iowa, Connecticut and Hawaii.
The rate of uninsurance among children dropped to a historic low of 6 percent following implementation of the Affordable Care Act in 2014.
States with the sharpest declines in the rate of uninsured children were Nevada, Colorado, West Virginia, Mississippi and Rhode Island. Nevada's decline was considerably larger than any other state.
The number of Americans getting health insurance through their employers has been steadily declining since 2000, with approximately only 60 percent now getting insurance this way.
Hospitals may charge wildly different amounts for the same procedure. For example, California patients paid more than $291,000 for an intestinal bleeding procedure, while those in Arkansas paid just $5,400.
A state-by-state compilation of average hospital costs for various treatments revealed care is most expensive in these five states: California, New Jersey, Nevada, Florida and Pennsylvania.
Unpaid medical bills are expected to be the No.1 cause of bankruptcy filings, surpassing both credit card and mortgage debt.