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Saturday, January 7, 2012

Health care in America: We're NOT number one

From the article linked below: "A study released Thursday by the American Journal of Medicine finds a huge increase—nearly 20 percent—in medical bankruptcies between 2001 and 2007. Sixty-two percent of all bankruptcies filed in 2007 were tied to medical expenses. Three-quarters of those who filed for bankruptcies in 2007 had health insurance." Nice,huh? A few more stats: --62.1% of all bankruptcies have a medical cause. --Most medical debtors were well-educated and middle class; three quarters had health insurance. --The share of bankruptcies attributable to medical problems rose by 50% between 2001 and 2007. This is for anyone left out there who thinks our health care system doesn't need any fixing. Links: http://www.washingtonpost.com/wp-srv/politics/documents/american_journal_of_medicine_09.pdf; http://www.dailykos.com/story/2012/01/05/1051848/-Medical-bills-cause-62-percent-ofbankruptcies

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