With rising health care costs a continuing reality, many Americans are turning to crowdfunding platforms to help pay for their medical care. Even life-saving, commonplace medications like insulin for diabetics have tripled in cost since 2002.
The Canadian Medical Association Journal reports that on GoFundMe alone, health-related campaigns occupy the largest percentage of crowdfunding on the site.
In the United States, the National Center for Health Statistics stated that in 2014, “personal health care expenditures in the US totaled $2.6 trillion,” which is a 5% increase from the year before. For the total US population, the per capita personal healthcare expenditure in 2014 was $8,054. Most of the crowdfunding campaigns were more likely to originate in states that rejected Medicaid expansion under the Affordable Care Act.
As of 2013, medical bills are the biggest cause for personal bankruptcy filings.