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Originally Posted by jmjj215
There needs to be more, case-by-case research on this oft-touted 'fact'.
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Jesse,
It’s indeed a “fact”, and has already been studied five ways from Sunday:
US STUDY: MEDICAL BILLS MAIN CULPRIT IN BANKRUPTCIES
Ruinous health-care costs, not profligate spending, are the leading cause of personal bankruptcy among Americans, a new study has found.
"The American middle class is solid and secure and prosperous -- we are unlike anything ever known in history -- yet American families live just one illness or accident away from complete financial collapse," one of the study authors, Elizabeth Warren, said yesterday.
About
500,000 people sought bankruptcy protection in the United States last year because of the crushing burden of medical expenses, says the study, to be published next month in Norton's Bankruptcy Adviser, a specialty periodical for lawyers.
The number equals about half the one million Americans who filed for bankruptcy protection last year.
http://www.commondreams.org/headlines/042700-03.htm
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