Oct 03
One of the main causes of bankruptcy is medical bills . It’s nice to think that most of the people declaring bankruptcy are doing so because of credit card debt and out of control spending, but many of them are actually doing so because of medical bills. (Credit card debt probably has something to do with it, but $5,000 on credit cards is usually nothing compared to a $30,000 hospital bill.) A good chunk of those who have financially catastrophic medical bills have insurance . Or had insurance.
