Medical Debt Is Bankrupting Americans (Ep. 6)

What if the greatest threat to your financial security isn’t a market crash, but a medical bill? In this eye-opening episode, Ralph Weber uncovers the hidden costs of America’s broken healthcare system. Every minute, a family files for bankruptcy due to medical expenses, and employers are spending over $16,000 per employee each year, often more than they invest in their own core business. Ralph breaks down why this system is unsustainable and what you can do about it. He shares practical, forward-thinking solutions — from customized level-funded health plans to smarter prescription drug formularies, that could dramatically cut costs and protect your bottom line. If you’re a business owner, HR leader, or simply someone trying to make sense of rising healthcare costs, this conversation is a must-listen. Key discussion points include: The alarming rise of medical bankruptcies [00:01:04] How medical debt impacts both employees and employers [00:03:00] Innovative healthcare solutions to manage and reduce costs [00:10:11] The role of self-insured plans and level funding [00:10:48] Real-world examples of healthcare financial struggles [00:06:42] Legal implications for employers not managing health costs effectively [00:17:07] And more! Resources: Ronald's Go Fund Me & His Battle Against Heart Failure and Medical Debt Connect with Ralph Weber: LinkedIn: Ralph Weber Route Three - Insurance & Financial Services [e-mail] [phone]