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February 04, 2005Med Bills Cause 1/2 BankrupciesRead more... Mental Healthcare Insurance
· Schizophrenia Advocacy
Half of Bankruptcies Due to Medical Bills, Harvard Study Says A report on Feb. 2 by Bloomburg on a new study by Harvard University indicates that Half of U.S. bankruptcy filers say that out-of-pocket medical expenses led to their financial hardship -- and most of the people had health insurance, according to a Harvard University study. The news story states that: "For the study, researchers surveyed 1,771 filers in five states, and as many as 54.5 percent cited medical expenses as a reason for filing. In addition, the study showed about a 30-fold increase in medical expense-related bankruptcies since 1981.
MOre information: Health Woes Lead to Bankruptcy
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