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 This material may not be published, broadcast, rewritten or redistributed.


Latest Video

More videos

Watch: A sunrise from the edge of space

During a recent World View test flight, our cameras captured something magnificent. A perspective that remi…

Follow the Arizona Daily Star

View more...

Deals, offers & events

View more...