Tuesday, September 8, 2009

Medical bills are biggest cause of bankruptcy



Posted by: Scott Graulich

Approximately 60 percent of the personal bankruptcies in the United States are due to medical bills beyond the financial ability of the individual or families to pay, according to Fifth District Congressman Tom Perriello.

Most of those filing for bankruptcy had health insurance coverage, but it did not cover sufficient costs to prevent bankruptcy. Perriello said health care reform is needed because of the financial impact that the current health care costs is having on families and businesses, although he said he can't vote for the current health care reform legislation.

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3 comments:

  1. this article is very relevant to current health care reform issue going on right now...many people are afraid that the government is going to institute policies that they will cause people not to be able to afford the medications that they need to live and get better and this may cause a huge dilemma of people going bankrupt in order to survive

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  2. ^ the comment above was written by Christina Dove (group 2b)

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  3. Hopefully if the Health Care reformation that the Obama is pushing is passed, this issue can be resolved because many people do not have the means to pay for rising health care costs. Money has become a matter of life and death for certain people.

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