Bankruptcy Medical

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Is there such a thing as medical bankruptcy? No, but bankruptcy may be filed due to one’s inability to pay medical bills. In fact, in the U.S alone, approximately half of all bankruptcies filed are due to insurmountably high medical bills. Experts say there are two reasons medical bankruptcy – for lack of a better word – is filed. The first is the alarming rise in health care costs. Health care costs shoot up at twice the rate of inflation. Insurance coverage decreases as insurance premiums increase. When this happens, prescription drug costs skyrocket. The second reason is the recent practice of employers to pass heftier portion of health insurance costs onto employees. Learn more about medical bankruptcy as you read the articles in this section.
Displaying 1-9 of 9 result(s).Medical BankruptcyPosted by Kevin Bowen. Published on Oct 15, 2009 Medical expenses are one of the leading causes of bankruptcy. With the health care reform debate, they have become a hot topic. How To Handle Past Due Medical BillsPosted by Mike Turin. Published on Sep 19, 2009 In this highly erratic economy that we are living in today, nobody is alone who is faced with the condition of past due medical bills – there are a number of others like you. As the pile of bills and the total owed amount keeps getting higher and higher, the chances of being able to clear them keep getting slimmer and slimmer. So let's quickly read a few mandatory information with regard to clearing the hospital bills. Princess Diana Crash: It Was A Blatant Lie When They Said That Her Injuries Were Fatal!Posted by Mantosh Kumar 9392. Published on Aug 30, 2009 The injury that killed Princess Diana although critical was not fatal and in fact former President Ronald Reagan survived a similar injury when he was shot by John Hinckley in 1981! Surely if a 70 year old man could have survived such an injury why not a 36 year old woman in good health? The French doctors who were part of the team that tried to resuscitate Princess Diana at the hospital following the crash cited a tear in the left pulmonary vein as the source of internal bleeding that ultimately led to her death…there was no mention of other Negotiate Medical Bills To Lower Your Medical DebtPosted by Mike Turin. Published on Aug 30, 2009 Filing for insolvency is undeniably not the right possible choice when taking care of huge hospital bill. It will have a awful result on your credit report and dampen your possibilities of receiving a loan or a job in future. Credit card payment is nothing more than a standby arrangement because the bill is only shifted from one source to another. Earlier you owed the healthcare provider, now you owe the credit card company. Medical Bankruptcies Continue To Surge Amidst The Obamacare ProposalPosted by Lance Winslow. Published on Aug 20, 2009 While it is true that most of the foreclosures happening in the United States were caused by substandard mortgages, and/or the fact that many people have lost their jobs and can no longer make payments, there is also another reason for the foreclosure rate. Many people have filed for bankruptcy due to medical bills piling up. Tough Times And Health Problems A Recipe For BankruptcyPosted by Phyllis Imhoff. Published on Jun 29, 2009 Health care in the United States is like a game, you can get a plan that seems to cover the needs you have and everything is fine, but given a change in those needs and your finances can be devastated. Most all bankruptcy debtors had some medical debt, but about half of the debtors, according a recent study, had mostly medical debt. Filing Bankruptcy Due To Medical Illness Is Not The Solution To Your Sleepless NightsPosted by Maximillion Richman. Published on Jun 11, 2009 The medical bills are piling up in the mail box. You can't afford to pay them even with health insurance. Let alone without any insurance at all. So now you are considering bankruptcy as the only way out. Filing bankruptcy in the long run wont really solve the problem. Fast Medical Bankruptcy Alternative – Medical GrantsPosted by Austin Warty. Published on Mar 13, 2009 When medical bankruptcy seems like the only remaining options for all of your medical bills, make sure you didn't overlook the medical grants that may be available to you. When a serious medical condition arises, even those with proper insurance can find themselves in hundreds of thousands of dollars in debt. Medical Bankruptcies Are Increasing At An Alarming Rate In AmericaPosted by Lance Winslow. Published on Dec 18, 2008 They say that the average US Citizen only has enough money in savings for an average of 4-5 weeks with no income. If the money stops coming in they are financially bankrupt. That includes the balances on their credit cards and any home equity lines of credit, which these days are almost non-existent. Just imagine losing your job at a time like this, and many Americans are due to hard economic times and large corporations trimming jobs and announcing huge lay-offs. Use of this web site constitutes acceptance of the Terms Of Use and Privacy Policy | User published content is licensed under a Creative Commons License.Copyright © 2007 – 2010 by SynArticles.com, All Rights Reserved.