Medical bills prompt more than 60 percent of U.S. bankruptcies
By Theresa Tamkins — CNN, June 5, 2009
This year, an estimated 1.5 million Americans will declare bankruptcy. Many people may chalk up that misfortune to overspending or a lavish lifestyle, but a new study suggests that more than 60 percent of people who go bankrupt are actually capsized by medical bills.
Bankruptcies due to medical bills increased by nearly 50 percent in a six-year period, from 46 percent in 2001 to 62 percent in 2007, and most of those who filed for bankruptcy were middle-class, well-educated homeowners, according to a report that will be published in the August issue of The American Journal of Medicine.
1.5 million Americans x 60% = 900,000 Americans
that’s about 2500 more people per day
… going bankrupt from medical bills, which were NOT covered by our broken Health Insurance system