Medical debt and bankruptcies

[terry1156]

I was reading in the February 14th issue of Time Magazine that medical debt is now the leading cause of bankruptcies.

There has been a 2,200% increase in bankruptcies caused illness or medical debt from 1981 to 2001.

Approximately 50% of bankruptcies in 2001 we caused by illness and medical debt.

[Momof3grls]

Re: Medical debt and bankruptcies

Thats too bad one thing I have always done on bigger dr bills is make payments the drs offices & hospitals have always been ok with this. As long as you start making payments right away they dont charge interest or turn you into collections.

[jacquelynrose]

Re: Medical debt and bankruptcies

That is so funny you bring that up!

I have a co-worker who says she is going to file for Bankruptcy because of her Medical Bills.

Jacquelyn