Considering Bankruptcy To Get Rid Of Your Medical Bills? You Are Not Alone! (Part Three Of Five)
By Kevin Gipson, New Orleans Bankruptcy Attorney on Apr 20, 2007 in Chapter 7 Bankruptcy, General Bankruptcy Information, Louisiana
As was seen in Part One and Part Two of this series, the cost of health care is a major factor for many Americans when having to make day to day decisions regarding how to allocate what are frequently limited funds.
But what about the person with a chronic illness, handicap or disability?
Not surprisingly, this part of the population has an even more difficult time affording health care.
44% of American adults report having a chronic illness such as diabetes, high blood pressure, asthma or cancer, or report having a handicap or disability. This group experiences even greater difficulty in obtaining health care.
24% of adults with a chronic illness report health care expenses as their most costly living expense, with only their rent or mortgage costs being greater. Of the healthy adult population, only 14% place health care as their second most costly expense.
29% of adults with a chronic illness reported having overdue medical bills, while only 16% of their healthy counter parts had this problem.
38% of adults with a chronic illness have either made the decision to avoid medical treatment, forego filling a prescription or reduce their medication intake below the prescribed dosage do to financial problems, compared to 22% of healthy Americans.
By filing a Chapter 7 bankruptcy it is possible to get rid of medical bills, as well as other unsecured bills.
Part Four will address the health care issues faced by low to moderate income Americans.
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