
While COVID-19’s toll on health and wellness has been obvious, the virus has also hit people in the wallet. A new study links surviving COVID to financial challenges later, especially for folks who were hospitalized with the virus. “More than half of Americans now report having had COVID-19, and more than 450,000 have been hospitalized, so the potential number experiencing serious financial issues linked to their experience with the virus is high,” said Dr. Nora Becker of the University of Michigan Institute for Healthcare Policy and Innovation, in Ann Arbor. Compared to people whose financial health was measured before the virus, those who had COVID-19 were more likely to have bills so overdue that they were sent to a collection agency. They were also more likely to have a low credit score. To learn more, researchers from University of Michigan and Johns Hopkins University in Baltimore linked health care records and financial records of more than 132,000 people in Michigan. Patients’ identification was removed. About 42% of patients who had been hospitalized with COVID-19 had a low credit score six months later, the study found. That compared to 34% of a similar group who hadn’t yet required a hospital stay for COVID-19 but later needed one. The gap was smaller, but significant, between the two groups of non-hospitalized patients. About 27% of the patients who… read on > read on >