Over 60 Percent Of All US Bankruptcies Attributable To Medical Problems
Thursday, June 4, 2009 - 10:35
in Health & Medicine
Over 60 percent of all bankruptcies in the United States in 2007 were driven by medical incidents. The results of the first-ever national random-sample survey of bankruptcy filers shows that illnesses and medical bills contribute to a large and increasing share of bankruptcies. The share of bankruptcies attributable to medical problems rose by 50 percent between 2001 and 2007. Most victims are middle class, well-educated and have health insurance.
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