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"Unless you're Bill Gates, you're just one serious illness away from bankruptcy," said Dr. David Himmelstein, in the February 2, 2005 New York Times. "Most of the medically bankrupt were average Americans who happened to get sick."


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News & Facts...

February 2, 2005 - Study Connects Bankruptcies to Illnesses, New York Times - "Costly illnesses trigger about half of all personal bankruptcies, and most of those who go bankrupt because of medical problems have health insurance, according to findings from a Harvard University study." Click here to read this article. (Adobe Reader is required to download the article - download Adobe Reader here for free)

Half of Bankruptcy Due to Medical Bills - U.S. Study - This study published by Reuters states that "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."

 


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