Almost 2/3 of personal bankruptcies in the United States are the result of illness and overwhelming medical bills, despite having health insurance, say researchers. This is a 50% increase from 2001, just 8 years ago. And, it’s important to note 2 things. One is that bankruptcy is harder to declare now than it was before 2001 and that this research was done before the current economic situation, so the situation could, in fact, be worse.
Researchers from Harvard Law School, Harvard Medical School and Ohio University worked together to produce the first known study of this type to cover the entire …read more