Thursday, February 03, 2005

Get Sick, Go Bankrupt

A study published this week in the medical journal Health Affairs finds that half of all U.S. bankruptcies are caused by high medical bills. An estimated two million Americans are affected by health-related bankruptcies every year if you include both debtors and their dependents in the equation. Moreover, most of the people who go bankrupt because of medical bills have health insurance.

"Unless you're Bill Gates," says lead researcher Dr. David Himmelstein, "you're just one serious illness away from bankruptcy."


Anonymous said...

Awesome! America rocks!
- Kim

Anonymous said...

my friend had a stroke one week before his health insurance kicked in. hello, bankruptcy! our imminent baby is breaking our backs financially, and that's just on routine testing!