Illness, medical bills linked to nearly two-thirds of bankruptci...

Courtesy http://www.eurekalert.org/rss/business.xml  Wed, 06/03/2009 - 22:00

(Physicians for a National Health Program) Medical problems contributed to nearly two-thirds of all bankruptcies in 2007, according to a study in the August issue of the American Journal of Medicine that will be published online Thursday.

The data were collected prior to the current economic downturn and hence likely understate the current burden of financial suffering.

Between 2001 and 2007, the proportion of all bankruptcies attributable to medical problems rose by 49.6 percent.


 

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