Medical Bills and Bankruptcies
A recent study funded by the Robert Wood Johnson Foundation took a look at the connection between medical bills and bankruptcies in the United States. The results at a glance: More than 62 percent of bankruptcies in 2007 were related to medical bills. This is an increase of approximately fifty percent since 2001. More than three-quarters of families who declared bankruptcy due to medical bills DID HAVE health insurance but were still overwhelmed by medical debt. More than ninety percent of people with medical debt owed more than five thousand dollars. In many cases, the amount of medical debt was … Continue reading