Harvard Study: Half of U.S. Bankruptcies Caused by Medical Bills
CAMBRIDGE, Mass., Feb. 2 /U.S. Newswire/ -- Illness and medical bills caused half (50.4 percent) of the 1,458,000 personal bankruptcies in 2001, according to a study published today as a Web Exclusive by the journal Health Affairs. The study estimates that medical bankruptcies affect about 2 million Americans annually -- counting debtors and their dependents, including about 700,000 children.