Medical Costs Drive Many to Bankruptcy
Medical Costs Drive Many to Bankruptcy
In the country's current economic downturn, the cost of medical care can easily send a person into an economic tailspin. Those who lose their jobs may suddenly find themselves without health insurance. With the astronomical cost of health care, if a person gets sick and has no insurance, the debt can mount quickly. Declining home values mean that many people no longer have significant assets to use to pay off these bills. Some use credit cards to pay medical providers, lest the provider no longer offers treatment for non-payment, ...