A normal middle-class family may very well go bankrupt during the present health care system, and in fact many people do. This is not only the source of much pain for the people involved, physical pain due to disease and financial pain. But many people going bankrupt is also bad for the economy of the nation.The present crisis in health care and economy goes far deeper than many people believe. It is often short term solutions that in the end will turn out very expensive. As for example the many bankruptcies that will be very expensive in the long term for all of us.
“Medical bills are involved in more than 60 percent of U.S. personal bankruptcies, an increase of 50 percent in just six years… More than 75 percent of these bankrupt families had health insurance but still were overwhelmed by their medical debts… Using a conservative definition, 62.1 percent of all bankruptcies in 2007 were medical; 92 percent of these medical debtors had medical debts over $5,000, or 10 percent of pretax family income… Most medical debtors were well-educated, owned homes and had middle-class occupations.”
http://www.reuters.com/article/newsOne/idUSTRE5530Y020090604
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