Is it true that in the US that medical bills don't impact your credit if you are making payments -- even $1/month? If so, I don't quite understand why people would go bankrupt from medical bills. Am I misunderstanding somehow?
The last medical bill my family had was something like $3500 and the longest term the hospital offered was 6 months, at $580/mo.
I'm sure they're not all the same, but I could certainly see an unexpected $580/mo being able to cripple a family living paycheck to paycheck.