Medical Bills Tied to Majority of Bankruptcies

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No one could guess that the health care issue was so extreme that the majority of U.S. bankruptcies were due to medical bills.  But what is even more shocking is the fact that these numbers are not about those people who don’t hold insurance, but it includes those that do.

Unexpected bills can occur at any time, especially when you have small children.  Those without insurance can go and be given some form of government assistance to help with their medical bills.  But what about those who own a home and are in financial ruin because even after the insurance company pays their part, there are thousands of dollars still owed.

According to a study released yesterday, “medical bills were a factor in 62 percent of personal bankruptcies nationally.”  Read here, but slowly.  The information isn’t going to get any better.

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