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June 11, 2008

Medical debt on the rise as patients pay with plastic

More and more consumers are paying for their health care with credit cards, and consumer-credit businesses are seeing big profits. About $45 billion worth of consumers' out-of-pocket medical costs is charged on credit cards now, but that number could more than triple, to $150 billion, by 2015.

Of course, the downside to this risky business is the financial strain it puts on American families, as you'll see in the case of Nicole, whose family can’t afford health coverage. Nicole was interviewed by our Cover America Tour crew, and claims, "My Visa is my insurance card."

Watch the video and learn more about the Cover America Tour, read our full report on medical debt, and find out how Best Buy Drugs can help you save on prescription drugs.

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Consumer Reports' health reporters, editors, and testers will quickly report on new developments and trends.

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