Medical Bills Blamed On More Personal Bankruptcies

More and more Americans are going bankrupt because of medical bills. A study paid for by the Robert Wood Johnson Foundation finds that medical bills were involved in more than 60 percent of personal bankruptcies in 2007.

Copyright © 2009 NPR. For personal, noncommercial use only. See Terms of Use. For other uses, prior permission required.

RENEE MONTAGNE, host:

NPR's business news starts with an unhealthy rate of bankruptcy.

(Soundbite of music)

MONTAGNE: Medical bills are forcing more and more Americans into bankruptcy. A study out today from two major medical schools and Harvard Law School shows that medical bills are involved in more than 60 percent of personal bankruptcies in 2007. And that's a sharp jump from six years ago. Most of those in the study had health insurance but were still overwhelmed by thousands of dollars in health care bills.

Copyright © 2009 NPR. All rights reserved. No quotes from the materials contained herein may be used in any media without attribution to NPR. This transcript is provided for personal, noncommercial use only, pursuant to our Terms of Use. Any other use requires NPR's prior permission. Visit our permissions page for further information.

NPR transcripts are created on a rush deadline by a contractor for NPR, and accuracy and availability may vary. This text may not be in its final form and may be updated or revised in the future. Please be aware that the authoritative record of NPR's programming is the audio.

Comments

 

Please keep your community civil. All comments must follow the NPR.org Community rules and terms of use, and will be moderated prior to posting. NPR reserves the right to use the comments we receive, in whole or in part, and to use the commenter's name and location, in any medium. See also the Terms of Use, Privacy Policy and Community FAQ.