Friday, April 22, 2005
Leading Cause of Bankruptcies: Medical Bills
No, thank you, President Bush, for signing the Bankruptcy Bill into law.
Oh, by the way, Jerk:
Half of all U.S. bankruptcies are caused by soaring medical bills and most people sent into debt by illness are middle-class workers with health insurance. From the Harvard Medical School Study.
"Our study is frightening. Unless you're Bill Gates you're just one serious illness away from bankruptcy," said Dr. David Himmelstein, an associate professor of medicine at Harvard Medical School who led the study. "Most of the medically bankrupt were average Americans who happened to get sick. Health insurance offered little protection."