6.04.2009

Medical bills play a role in 62% of bankruptcies

Eat your poison food, take your poison shots and pills, breathe your poison air, drink your poison water, and don't get sick. - Ed.

President Obama's push for healthcare reforms gets a boost today from a new study by Harvard University researchers that shows a sizable increase over six years in bankruptcies caused in part by ever-higher medical expenses.

The study found that medical bills, plus related problems such as lost wages for the ill and their caregivers, contributed to 62% of all bankruptcies filed in 2007. On the campaign trail last year and in the White House this year, Obama had cited an earlier study by the same authors showing that such expenses played a part in 55% of bankruptcies in 2001.

Read more @ LA Times

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