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Medical Bills Blamed On More Personal Bankruptcies

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Medical Bills Blamed On More Personal Bankruptcies

Business

Medical Bills Blamed On More Personal Bankruptcies

Medical Bills Blamed On More Personal Bankruptcies

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  • <iframe src="https://www.npr.org/player/embed/104922414/104922389" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
  • Transcript

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.

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.

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