25 Nov “Medical Bankruptcies”: Now More Than Ever
While there is no such thing as a “medical bankruptcy,” that is, a bankruptcy that includes only medical bills, more and more people are filing for bankruptcy because of medical bills.
A November 25, 2009 article in The New York Times, “From the Hospital Room to Bankruptcy Court,” talks about the ever-increasing number of people who are forced into bankruptcy as a result of medical bills and health issues.
It is noteworthy that most of the people who have to file for health/medical reasons have health insurance. It’s the co-pays and deductibles, which can run into the tens of thousands of dollars, that do them in.
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