If Congress is unsure about the impact of healthcare bills on average folks all they need to do is look at the percentage of Americans filing bankruptcy for medical bills. While they debate over whether to complete or scrap the healthcare bill even more people will file bankruptcy. Medical bills leading to bankruptcy? Ridiculous. Back in 1981 only 8% of all bankruptcies resulted from excessive medical bills and the inability to get out from under them. Let’s take a look 20 years later in 2001. In that year over half of all bankruptcies filed were due to medical debt. Now to the present day – where the number of bankruptcies caused by medical issues has increased another 50%., so bankruptcy medical debt is a real all out problem in this country.
Unlike the pundits would have you believe simply because you have a stable job and health insurance does not make you immune from bankruptcy medical debt. Seventy-five percent of those filing bankruptcy had health insurance at least in the beginning of their illnesses. Medical bills can easily escalate with the insured on issues such as higher deductibles, co-pays, in or out of network physicians and other contractual clauses as to what may or may not be covered. Adding to this entire if the family member whose insurance covers the entire family is the one that gets sick the income and insurance for the family may be lost. This is why bankruptcy medical bills are so prevalent.
What is scary now is that the age group having the hardest time paying medical bills is the elderly. Our downward economy causes the elderly to lose money on investments and also forces early retirements. There are many things Medicare does not cover and seniors have to pay the difference. This is why an increasing number of senior adults are filing for bankruptcy for medical bills.
Maybe Congress will eventually solve our mounting health care crisis. However, this does not answer the question about what to do with mounting medical bills you have now which may be forcing you into bankruptcy medical bills. The key question is are you in medical debt so deep there are not enough years in an average life span left to pay it off? If you cannot pay your basic household expenses due to medical bills then you have bankruptcy medical debt.
Why wait longer if there is no end in sight to bankruptcy medical bills. Why not secure the services of a qualify bankruptcy attorney today so you can finally see the light at the end of the tunnel? If you are worried about losing your home filing Chapter 13 bankruptcy will allow you to keep it. No one really wants to be filing bankruptcy for medical bills buy sometimes the current system leaves you no choice.
Bankruptcyonly.com gives complete information on legal largest bankruptcy attorneys/lawyers network in USA with expertise in Chapter 7 bankruptcy, Chapter 13 bankruptcy and Chapter 11 bankruptcy, medical bankruptcy
Unlike the pundits would have you believe simply because you have a stable job and health insurance does not make you immune from bankruptcy medical debt. Seventy-five percent of those filing bankruptcy had health insurance at least in the beginning of their illnesses. Medical bills can easily escalate with the insured on issues such as higher deductibles, co-pays, in or out of network physicians and other contractual clauses as to what may or may not be covered. Adding to this entire if the family member whose insurance covers the entire family is the one that gets sick the income and insurance for the family may be lost. This is why bankruptcy medical bills are so prevalent.
What is scary now is that the age group having the hardest time paying medical bills is the elderly. Our downward economy causes the elderly to lose money on investments and also forces early retirements. There are many things Medicare does not cover and seniors have to pay the difference. This is why an increasing number of senior adults are filing for bankruptcy for medical bills.
Maybe Congress will eventually solve our mounting health care crisis. However, this does not answer the question about what to do with mounting medical bills you have now which may be forcing you into bankruptcy medical bills. The key question is are you in medical debt so deep there are not enough years in an average life span left to pay it off? If you cannot pay your basic household expenses due to medical bills then you have bankruptcy medical debt.
Why wait longer if there is no end in sight to bankruptcy medical bills. Why not secure the services of a qualify bankruptcy attorney today so you can finally see the light at the end of the tunnel? If you are worried about losing your home filing Chapter 13 bankruptcy will allow you to keep it. No one really wants to be filing bankruptcy for medical bills buy sometimes the current system leaves you no choice.
Bankruptcyonly.com gives complete information on legal largest bankruptcy attorneys/lawyers network in USA with expertise in Chapter 7 bankruptcy, Chapter 13 bankruptcy and Chapter 11 bankruptcy, medical bankruptcy
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