Bankruptcies and medical bills

2010-07-23T23:13:00Z 2010-07-24T08:06:12Z Bankruptcies and medical bills Arizona Daily Star
July 23, 2010 11:13 pm

The American Journal of Medicine study last year said 62 percent of bankruptcies were related to medical expenses. The results were based on a national sample of bankruptcies in 2007.

Other results from the study, led by Dr. David U. Himmelstein of Harvard Medical School:

●Most medical debtors were well educated and middle class, and three-quarters had health insurance.

●The share of bankruptcies attributable to medical problems rose by 50 percent between 2001 and 2007 - a period when the number of uninsured and underinsured Americans increased; health costs rose; and Congress tightened bankruptcy laws.

●Of the medical-related bankruptcies, 15 percent cited the illness of a child.

●In 40 percent of the families with medical-related bankruptcies, someone had lost or quit a job because of the medical event.

Copyright 2014 Arizona Daily Star. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Activate

Latest Video

More videos

The Beach Boys 50th Anniversary Reunion Tour - Good Vibrations

The Beach Boys 2012 world concert tour was the first time since 1965 that founding member Brian Wilson perf…


Follow the Arizona Daily Star

Featured businesses

View more...
View more...

Deals, offers & events

View more...