Over 60 Percent Of All US Bankruptcies Attributable To Medical Problems

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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