Tuesday, February 22, 2005

Medical Bills and Bankruptcy

Costly medical bills and insurance premiums are the cause of almost half of all personal bankruptcies. The findings in the study underscore inadequate private insurance plans that offer bad coverage. What needs to be done in order for this not to happen? There are many people who can not afford medical coverage. The study estimates medical-caused bankruptcies affect about 2 million Americans each year, counting debtors and their dependents, including 700,000 children. There needs to be a solution to lower insurance premiums for families. Comment.

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