What do experts mean when they say high health care bills are the number one cause of bankruptcy in the US?
Studies differ on exactly what percentage of personal bankruptcies filed each year are associated with high medical bills. Some say the number is greater than 40%. Others estimate the number is larger, even more than 60%. Regardless of where experts may pinpoint the exact percentage, it seems clear most agree that high healthcare bills are the most common reason cited by debtors for filing bankruptcy, more common than things like job loss and divorce…
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Patient Bankruptcy
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