Originally Posted by TheLastLemming76
Originally Posted by windridge





Health care expenses are the leading cause of personal bankruptcy.

Our healthcare system is far from perfect and is inefficient in many ways mostly due to government. Overall it’s pretty dang good if you’re sick. Even if you’re someone that falls through the cracks so to speak as far as coverage. To my understanding American bankruptcy laws are especially easy on medical bills. As in it’s 100% wrote off under chapter 7 bankruptcy with zero out of pocket cost in nearly all cases and credit is rehabbed within about 12 months.
Which isn’t to say that it’s ideal because it isn’t. But you’re not going bankrupt in the sense of losing your property, having to pay it back and your credit is relatively quickly restored if you were otherwise responsible. And all while paying much lower taxes and for most of us being insured through an employer with fairly low annual premiums and Dr. care on demand.


Still, most bankruptcies filed are the result of medical costs. Most of us aren't insured through employers; only 49% are insured in some measure by employers. High deductibles and co-pays clobber the low wage workers, and many are forced to seek bankruptcy to keep the wolves away. The cost of medication is one major factor. Look at what's happened to the price of Insulin for example. Few if any health plans cover Diabetic supplies, and woe be the folks who need the really expensive drugs to stay alive, the ones the insurers won't cover.

TV has become nothing more than the Petri dish where this country grows its idiots.