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Health Care System Problems, One More Time….

http://www.cnn.com/2009/HEALTH/06/05/bankruptcy.medical.bills/

Bankruptcies due to medical bills increased by nearly 50 percent in a six-year period, from 46 percent in 2001 to 62 percent in 2007, and most of those who filed for bankruptcy were middle-class, well-educated homeowners.

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.

Overall, 78% of the people with a medically-related bankruptcy had health insurance.

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