Bankruptcy – Healthcare-NOW

Medical bills underlie 60 percent of U.S. bankruptcies: study

Most bankrupt families had health insurance 92 percent had medical bills over $5,000 By Maggie Fox for Reuters – Medical bills are behind more than 60 percent of U.S. personal bankruptcies, U.S. researchers reported Thursday in a report they said demonstrates that healthcare reform is on the wrong track. More than 75 percent of these…

Illness, medical bills linked to nearly two-thirds of bankruptcies

Harvard study finds 50 percent increase from 2001 Most of those bankrupted by illness were middle class and had insurance Download Study (pdf) Download Medical Bankruptcy Q&A (.doc) Download Fact Sheet (.doc) Medical problems contributed to nearly two-thirds (62.1 percent) of all bankruptcies in 2007, according to a study in the August issue of the…