Saturday, August 20, 2011

Medical Bankruptcy

And in other political news (from HuffPo:)

As the economic recovery remains slow, many Americans have found that basic payments have suddenly become unaffordable.

Those payments include medical bills, which increasingly are pushing Americans into personal bankruptcy, the New York Times reports. About a fifth of people seeking financial counseling this year and last said debt related to medical bills was their main reason for deciding to enter bankruptcy -- up from as low as 12 percent in the previous two years -- according to counseling agency CredAbility, the NYT reports.


I remember someone saying in poetry group the other day that they thought medical was the number one cause of bankruptcy. Looks like it is heading that way. And many on the right and the Tea Party don't think we need health coverage. I think we need to catch up with the rest of the civilized world, and have Universal coverage.

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