Reuters is reporting a troubling medical bills and bankruptcy story today:
Medical bills are behind more than 60 percent of U.S. personal bankruptcies, U.S. researchers reported Thursday in a report they said demonstrates that healthcare reform is on the wrong track.This is crazy. What's even more troubling is that more than 75 percent of those families had health insurance but were still overwhelmed by the medical costs. The report also notes that:
Nationally, a quarter of firms cancel coverage immediately when an employee suffers a disabling illness; another quarter do so within a year.
