November 4, 2009

Medical Bills Contribute to Growing Number of U.S. Bankruptcies

An estimated 1.5 million Americans will declare bankruptcy in 2009.  The main reason behind these bankruptcies is not lost jobs or loads of credit card debt.  The primary cause is medical bills and illness.

In 2007, illness or medical bills contributed to 62% of all bankruptcies, according to a study published in the August 2009 edition of The American Journal of Medicine.  That number is up nearly 50% from 2001.  Read more...

1 comment:

health insurance said...

rightly said about the bankruptcies and it true to the best of my knowledge....!!