Saturday, June 6, 2009

Medical bills prompt more than 60 percent of U.S. bankruptcies

http://www.cnn.com/2009/HEALTH/06/05/bankruptcy.medical.bills/index.html

  • Story Highlights
  • Study: More than 60 percent of bankruptcies are linked to medical bills
  • Three-quarters of people with a medically-related bankruptcy had health insurance
  • Researcher: "You're one illness away from financial ruin in this country"
  • Situation likely to worsen: study was done a year before recession

Above link is an article featured on CNN focusing on the the importance of medical health insurance issues in the U.S. We currently have the dubious honor of being the first in medical expenditures with health care results being rated 37 in the world after Costa Rica.

Above article states that we are all one illness away from financial ruin in the U.S. As we are discussing universal health care for the U.S., I invite everyone to be active in participating the development. The first step of participating is knowing what is being proposed and understanding how it affects you.

No comments: