In an ever increasing profit focused health sector, growing numbers of people are being overwhelmed by out of pocket medical bills and expenses. With medical bills for treatment ranging in the thousands, patients are forced to take drastic measures. According to Fox News medical bills and expenses are the leading cause of bankruptcies in America.
Fundraising sites like YouCaring.com have emerged offering a solution to this dilemma. Harnessing the power of the internet alongside social networking tools, fundraisers are given a platform to spread their stories and raise money to cover medical bills and expenses
Fundraising online can make all the difference. Vicki Polin, 52, had $200 when she drove 400 miles for emergency heart treatment at the Mayo Clinic without knowing how she was going to pay her medical bills. But before she was discharged from the hospital, a friend had raised $1,000 for her on YouCaring.com to pay for coinsurance and related medical expenses. She raised about $7,000 total on the site.
“The money not only means I get to live, it also means that there are so many people out there who want to help,” she says. “I was amazed at the number of people who donated anonymously.”
YouCaring is the first of these crowdfunding sites to offer 0% fees for fundraisers; in contrast to sites like Giveforward and Gofundme that charge between 5 and 7% of money raised. This move that has seen their popularity soar and they have helped fundraisers raise more than million dollars in the first 6 months of launching.
Fox Business News recently highlighted the trend in an article article on medical bills and expenses titled “How to Use Crowdfunding to Cover Health-Care Bills”.