Abstract
The high cost of healthcare in the United States has created a number of alarming economic and social problems. It has contributed to a greater number of under insured and uninsured individuals living in the United States, and forced people to either ration, or not purchase the care they need. Accumulated medical debt is grossly disproportionate to the US median AGI, and accounted for at least 25 percent of all personal bankruptcies. For patients, a guaranteed loan program specifically for medical procedures and treatments with below market interest rates would help alleviate bankruptcies related to medical debt by lowering payments and extending the loan maturities. A guaranteed loan program would also improve the debt charge off rate for medical providers that carry patient receivables, and reduce the risk of their balance sheets. This might hold or reduce the rate at which healthcare inflation grows. The healthcare loan program could model the current student loan programs and produce significant economic and societal benefits.
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