These 2 Medicaid provisions prevent medical debts from ruining people’s lives
Vox - 07/19/2017
A often-cited Harvard study shows that about 62 percent of personal bankruptcies in the United States in 2007 were triggered by hefty medical bills or health problems. That includes people who suffered a debilitating illness and could no longer work, not just those who couldn’t pay their bills.
A 2014 study from legal experts at Northeastern University found a more modest impact. A team of researchers contacted 100 bankruptcy filers and asked them the reason they decided to declare bankruptcy. They found that medical debt was the single largest factor, and about 25 percent cited medical bills as the main reason for their decision.