U.S. healthcare system faces scrutiny as 100 million Americans struggle with medical debt

The U.S. healthcare system, costing over $4.5 trillion, is facing criticism as 100 million Americans struggle with medical debt. Despite high spending and insurance coverage, many still encounter financial hardships related to healthcare. Currently, 1,176 private insurers offer numerous plans, leading to confusion and high administrative costs. In contrast, traditional Medicare has significantly lower overhead. Experts suggest that a single-payer system could save the U.S. $450 to $503 billion annually. Reform is seen as essential to reduce waste and improve value in healthcare. Options include a public option or multi-payer systems, which could better address the financial burdens faced by many Americans.