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Bankruptcy

: Credit Slips

Health Insurance to Go Broke With

By Bob Lawless

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An article in today;s New York Times chronicles how medical debt can financially ruin U.S. citizens even with health insurance. Policies with limits, often hidden from the consumer, quickly run out and leave the insured with mounds of debt. This story comes on the heels of an academic study by Credit Slips bloggers Debb Thorne and Elizabeth Warren and their co-authors, David Himmelstein and Steffie Woolhandler, showing an increase between 2001 and 2007 in the number of medically related bankruptcies. I sometimes wonder how persons reading from outside the U.S. react to these sorts of stories.

Full post as published by Credit Slips on July 01, 2009 (boomark / email).

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