the visible hand

it is the theory which decides what can be observed – einstein

Medical Costs and Personal Bankruptcy

Posted by ecoshift on August 18, 2009

Study Links Medical Costs and Personal Bankruptcy – BusinessWeek
By Catherine Arnst

Medical problems caused 62% of all personal bankruptcies filed in the U.S. in 2007, according to a study by Harvard researchers. And in a finding that surprised even the researchers, 78% of those filers had medical insurance at the start of their illness, including 60.3% who had private coverage, not Medicare or Medicaid.

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