andyetf

Medical Debts On The Rise

In Uncategorized on December 9, 2010 at 10:26 am

I came across some interesting statistics recently. According to a recent study in the American Journal of Medicine:

62% of all bankruptcies have a medical cause
Most medical debtors were well-educated and middle class; 3 out of 4 had health insurance
The share of bankruptcies attributable to medical problems rose by 50% between 2001 and 2007
My own expreience with my clients bears this out. Medical debt continues to rise, even for those with insurance. Medical insurance is a fig leaf for many people, covering only a small part of their medical debts. Fortunately, bankruptcy can help you eliminate medical debt once and for all.

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