PRESS-NEWS.org - Press Release Distribution
PRESS RELEASES DISTRIBUTION

Increased access to insurance may not prevent medical bankruptcy filings

Even though Obamacare will expand insurance coverage, many will remain underinsured and may still need bankruptcy prootection as medical costs continue to increase.

2013-05-10
May 10, 2013 (Press-News.org) Increased access to insurance may not prevent medical bankruptcy filings

Article provided by Eveland & Associates PLLC
Visit us at http://www.evelandlawfirm.com

The increase in medical costs has outstripped increases in wages for many years. Recently, the Obama administration released data on hospital prices that showed huge differences in prices that hospitals charge. For example, the uninsured official price for a procedure often far exceeds what an insurance company actually pays for the same care.

With medical costs growing so quickly, medical bills have often been cited as a factor in bankruptcyfilings. Some have wondered if the Affordable Care Act also known as Obamacare will put an end to medical bankruptcies.

When the new law goes into effect the number of uninsured will decrease. Thirty million more Americans are likely to obtain health insurance in the next ten years, according to estimates from the Congressional Budget Office. Several studies have recently looked at whether insurance coverage will in fact make care affordable.

Utah currently has a state run small-business insurance marketplace, called Avenue H. The state will not incorporate the existing exchange into the health care reform, because it does not provide some of the necessary functions required by the ACA. This means that uninsured individuals will be able to purchase health insurance through a federal exchange.
Health insurance options may be leave many underinsured

The cheapest of the plans, a "bronze" plan will cover on average 60 percent of an individual's medical costs. This may result in many who are underinsured. Bronze plans that come with smaller premiums are expected to attract the largest numbers of enrollees.

One researcher, Stephanie Woolhandler, looked at the rates of medical bankruptcy in Massachusetts before and after an expansion in health insurance access. She found that several years after the expansion, 52 percent of those filing for bankruptcy cited medical bills in part as the reason they needed to file. Prior to the expansion, the number was at 59 percent. The most basic insurance plan in Massachusetts was slightly different and covered a lower portion of costs - on average 40 to 50 percent.
Bankruptcy options

Chapter 7 bankruptcy is an option for those underinsured or currently uninsured with medical bills they cannot afford to pay. An individual can file for either Chapter 7 or Chapter 13 bankruptcy protection.

Either bankruptcy option provides a stay where creditors must stop all collection efforts. In a Chapter 7 bankruptcy, a trustee will sell all non-exempt property. An individual's remaining non-secured debts, such as medical bills and credit card debts are discharged following the sale. An individual does not lose all his or her property in a Chapter 7 and often can keep a certain amount of exempt property.

Those with a home and steady stream of income may find that Chapter 13 is a better fit, which includes a three to five year payment plan. An experienced Utah bankruptcy attorney can explain the details or each bankruptcy filing type. If there is no way that you will be able to pay off medical bills, bankruptcy provides a fresh start and stops creditor harassment.


ELSE PRESS RELEASES FROM THIS DATE:

The Office Politics Ninja Launches "Ninja Pod Radio" Podcast Series

2013-05-10
Brandon Moser, aka the Office Politics Ninja, guides people and companies on effective and positive politicking, and recently launched Ninja Pod Radio, a weekly podcast series as another avenue to guide individuals and organizations through the political minefield. Since the first podcast, "The Politics of Email Warfare," posted on April 29, 2013, iTunes has deemed Office Politics Ninja as "New and Noteworthy" on their Management and Marketing page. Ninja Pod Radio is designed to provide valuable insight to "good" and "bad" office ...

High School Science Teacher Publishes Ultimate Regents Physics Study Resource

2013-05-10
Featuring more than 1200 questions and answers, organized by topic, and arranged in a workbook / worksheet format for ease of use in both the classroom and at home, the Ultimate Regents Physics Question and Answer Book is an excellent resource for struggling high school students taking the NY Regents Physics Exam this spring. By taking nearly every question from the last 17 published exams, students can readily observe and understand the types and patterns of questions asked on each exam, and text themselves topic-by-topic as they build both their problem-solving skills ...

Advent Consumer Healthcare Introduces The At Heart Emergency Aspirin Dispenser

2013-05-10
When suffering a heart attack, seconds count. That's why at the first onset of heart attack symptoms, the American Heart Association recommends calling 911 and chewing an aspirin tablet. When that aspirin tablet is readily available via the At Heart emergency aspirin dispenser, a life could be saved. According to Frank Alvino, president and chief operating officer of Advent Consumer Healthcare, LLC, the company that invented At Heart , the product is a potential lifesaver. "There are about a million heart attacks a year, and about half of the people do not survive ...

Church of Scientology Hosts Community Theater Event

2013-05-10
In the 1930s and '40s prior to founding the Scientology religion, author and humanitarian L. Ron Hubbard wrote for magazines of the day. One of his stories will be performed theatrically at the Nashville Church of Scientology on May 25th. One of Hubbard's popular Science Fiction stories was "Tough Old Man" which will be brought to life by performers in a free theatrical reading hosted by the Church of Scientology Celebrity Centre in Nashville, Tennessee. "Tough Old Man" is an adventurous and clever story about a man named Moffat who is sent for ...

Downtown Palo Alto Farmers' Market Begins 33rd Season With More Growers and Local Food Sellers

2013-05-10
The Downtown Palo Alto Farmers' Market begins its 33rd season on Saturday, May 11, with an expanded selection of growers and sellers offering more fresh local produce and locally produced food than ever before. "Our mission is to connect food lovers with farmers. And this season you'll see many of the same farms customers have grown to love plus some new ones," said Phil Carter, President of the Downtown Palo Alto Farmers' Market. "We also recognize a growing local food movement and our community's fondness for distinctive small food businesses so in our ...

Announcing The Nolo Divorce YouTube Channel

2013-05-10
Nolo Divorce has updated its YouTube Channel with 16 new videos featuring Ed Sherman, the divorce expert attorney who founded Nolo Press and the self-help law movement. As part of his mission to make the law more accessible and affordable for all, Sherman covers several topics in these videos, making a compelling case for the benefits of preventing your divorce from turning into a court battle, and explaining how to do it. Video topics include: - How to file a divorce - How much is a divorce - Divorce lawyers - Online divorce - How to do your own divorce - ...

Ring. Ring. Making a Strong Case for SleekTec, EastBridge Engineering Dials Up Offshore Production

2013-05-10
EastBridge has implemented a specialized turnkey program to coordinate vendor qualification, design transfer, sourcing, manufacture, quality assurance and logistics of SleekTec's mobile phone case designs for Apple and Samsung models. The initial steps in this development project included reviewing the designs for manufacturability, coordinating the final manufacturing review (EMR), building tooling, coordinating production on-site at plastics molders and assemblers in the Asia-Pacific region. Prototyping and scale-up to volume production is now underway. Jack Daniels, ...

Ernst & Young Announces Finalists for 2013 Entrepreneur Of The Year Awards in Orange County

2013-05-10
Ernst & Young LLP today announced 18 finalists for the Ernst & Young Entrepreneur Of The Year 2013 Award in Orange County. The awards program recognizes high-growth entrepreneurs who demonstrate excellence and extraordinary success in such areas as innovation, financial performance and personal commitment to their businesses and communities. These finalists were selected from nearly 75 nominations by a panel of independent judges. Award winners will be announced at a special awards gala on Thursday, June 6, at the St. Regis Monarch Beach Resort in Dana Point. The ...

Talk Fusion Associates Catch Mercedes Madness at BELIEVE Event

2013-05-10
On April 6 & 7, 2013, motivated entrepreneurs from all over the world convened at Tampa's Marriott Waterside Hotel for BELIEVE, the corporate event hosted by Brandon, Florida-based Video Communications Products company, Talk Fusion. They came to network and celebrate, applaud one another's successes and to learn what is on the horizon for the global corporation. They also came to see who among them had qualified for Talk Fusion's exciting Mercedes Madness Car Bonus Program, in which the corporation rewards Independent Associates by giving them the opportunity to ...

A Dynamic Culinary Event with Chef Rachelle Boucher: Cooking Show on Cutting Edge GE Appliances at Florida Builder Appliances Showroom

2013-05-10
A dynamic culinary event hosted by Chef Rachelle Boucher, Chef & Culinary Marketing Manager for Florida Builder Appliances, will take place on Tuesday, May 14 from 12 to 1:30 p.m. Chef Rachelle will demonstrate the creation of savory dishes and desserts in the live kitchen while guests enjoy a delicious lunch. Menu items will include Farmer's Market Crudite with Herbed Bread Sticks and Parmesan Crisps with a Buttermilk Drizzle; Roasted Beef Tenderloin Crostini with Arugula and Pickled Radishes; Lemongrass Chicken and Beef Skewers over a Thai Noodle Salad; Fruit Skewer ...

LAST 30 PRESS RELEASES:

Call for papers: 14th Asia-Pacific Conference on Transportation and the Environment (APTE 2025)

A novel disturbance rejection optimal guidance method for enhancing precision landing performance of reusable rockets

New scan method unveils lung function secrets

Searching for hidden medieval stories from the island of the Sagas

Breakthrough study reveals bumetanide treatment restores early social communication in fragile X syndrome mouse model

Neuroscience leader reveals oxytocin's crucial role beyond the 'love hormone' label

Twelve questions to ask your doctor for better brain health in the new year

Microelectronics Science Research Centers to lead charge on next-generation designs and prototypes

Study identifies genetic cause for yellow nail syndrome

New drug to prevent migraine may start working right away

Good news for people with MS: COVID-19 infection not tied to worsening symptoms

Department of Energy announces $179 million for Microelectronics Science Research Centers

Human-related activities continue to threaten global climate and productivity

Public shows greater acceptance of RSV vaccine as vaccine hesitancy appears to have plateaued

Unraveling the power and influence of language

Gene editing tool reduces Alzheimer’s plaque precursor in mice

TNF inhibitors prevent complications in kids with Crohn's disease, recommended as first-line therapies

Twisted Edison: Bright, elliptically polarized incandescent light

Structural cell protein also directly regulates gene transcription

Breaking boundaries: Researchers isolate quantum coherence in classical light systems

Brain map clarifies neuronal connectivity behind motor function

Researchers find compromised indoor air in homes following Marshall Fire

Months after Colorado's Marshall Fire, residents of surviving homes reported health symptoms, poor air quality

Identification of chemical constituents and blood-absorbed components of Shenqi Fuzheng extract based on UPLC-triple-TOF/MS technology

'Glass fences' hinder Japanese female faculty in international research, study finds

Vector winds forecast by numerical weather prediction models still in need of optimization

New research identifies key cellular mechanism driving Alzheimer’s disease

Trends in buprenorphine dispensing among adolescents and young adults in the US

Emergency department physicians vary widely in their likelihood of hospitalizing a patient, even within the same facility

Firearm and motor vehicle pediatric deaths— intersections of age, sex, race, and ethnicity

[Press-News.org] Increased access to insurance may not prevent medical bankruptcy filings
Even though Obamacare will expand insurance coverage, many will remain underinsured and may still need bankruptcy prootection as medical costs continue to increase.