They accumulate credit card debt after paying a large bill. Men don't. Under pending healthcare legislation, the divide could get worse.
Credit card debt jumps for women—but not for men—in the year after an extraordinary medical expense, according to a new study.
The finding, from an analysis of more than 200,000 core checking account customers of Chase Bank, has implications for current efforts by the Republican Congress and President Donald Trump to repeal and replace the Affordable Care Act. The bill passed by the House, which gives states flexibility in deciding what insurance must cover (including maternity expenses), is likely to drive up out-of-pocket expenses for many women and men. According to this new report, women are already operating at a distinct disadvantage.
