Statistics Show Many Bankruptcies Linked To Medical Bills
August 12, 2009
With the recent debate on health care reform causing uprisings at many town hall meetings held by congressmen in their home districts, it strikes me as funny that medical bills are involved in 60 percent of personal bankruptcy cases in 2007.
Granted the reason many of these people are filing bankruptcy is due to being unable to work due to the medical problems they have faced. The study released by the Robert Wood Johnson Foundation shows that 62 percent of those who filed with medical debts had hospital bills that totaled more than 10 percent of their family’s income.