Nearly two out of three bankruptcies stem from medical bills, and even people with health insurance face financial disaster if they experience a serious illness, a new study shows.
http://well.blogs.nytimes.com/2009/0...ruptcies/?_r=0The study data, published online Thursday in The American Journal of Medicine, likely understate the full scope of the problem because the data were collected before the current economic crisis. In 2007, medical problems contributed to 62.1 percent of all bankruptcies. Between 2001 and 2007, the proportion of all bankruptcies attributable to medical problems rose by about 50 percent.
“The U.S. health care financing system is broken, and not only for the poor and uninsured,” the study authors wrote. “Middle-class families frequently collapse under the strain of a health care system that treats physical wounds, but often inflicts fiscal ones.”
I support it. But to those who believed it was going to be cheaper? I'd remind them that if it looks too good to be true? It is.
In the end, more people will lose their insurance because they can't afford the artificially high premiums, driven there by this law, than get it via the Medicaid expansion and premium subsidy offsets.
You will buy HBO and like it!
Once the President got the convoluted bill on his desk, what is he supposed to do? Veto it? and say, "Nope". That's not good enough. It's going to make me look like a liar.
or Should he sign it into law, buy a bottle of champagne and give all of his buddies high five?
The real world is better than some of you think. Come and visit some time.