« Most People Move Right in Old Age, Not Dave Durenberger | Main | Purdue College of Science Dean Search »

Medical Bills Drive Most Bankruptcies

From Forbes:


THURSDAY, June 4 (HealthDay News) -- In 2007, medical problems and expenses contributed to nearly two-thirds of all bankruptcies in the United States, a jump of nearly 50 percent from 2001, new research has found.

Since the data used in the study were collected prior to the current economic downturn, it's likely that the current rate of medical-related bankruptcies is even higher, said the researchers at Harvard Law School, Harvard Medical School and Ohio University.

Post a comment

(If you haven't left a comment here before, you may need to be approved by the site owner before your comment will appear. Until then, it won't appear on the entry. Thanks for waiting.)