This is from CNN. It shows that while medical insurance can help, it is such a corrupt and broken industry that it isn't the be all end all.
Quote:
They concluded that 62.1 percent of the bankruptcies were medically related because the individuals either had more than $5,000 (or 10 percent of their pretax income) in medical bills, mortgaged their home to pay for medical bills, or lost significant income due to an illness. On average, medically bankrupt families had $17,943 in out-of-pocket expenses, including $26,971 for those who lacked insurance and $17,749 who had insurance at some point.
Overall, three-quarters of the people with a medically-related bankruptcy had health insurance, they say.
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Insurance or not, the average person in this country is one major accident or health problem away from bankruptcy and financial ruin.