In this day and age, Americans across the country know what it's like to deal with debt. From credit card debt to student debt, it's become something more and more people are forced to deal with.

But what you may not know, is that medical debt is the number one cause for bankruptcy in the country.

Michael Waterbury, CEO of Goodroot, a collection of companies working to make healthcare more accessible and affordable, joins Spectrum News 1 to discuss how big of a problem has medical debt become, useful tips to help consumers, long term solution to help prevent mounting debt, and more.

Watch more via the video player above.