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Half of US Bankruptcies Caused by Health Costs

Posted by TimSlavin at February 4, 2005

"Half of all U.S. bankruptcies are caused by soaring medical bills and most people sent into debt by illness are middle-class workers with health insurance, researchers said Wednesday.

The study, published in the journal Health Affairs, estimated that medical bankruptcies affect about 2 million Americans every year, if both debtors and their dependents, including about 700,000 children, are counted."

From CNN.
URLs:

http://money.cnn.com/2005/02/02/pf/debt/health_bankruptcy.reut/index.htm

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