Saturday, July 12, 2008

Medical bills take toll on personal finances

According to researchers at Harvard University, medical bills contribute to roughly half of all bankruptcies. They also say the chain of events leading to bankruptcy is often easy to trace – an unforeseen illness or accident that leads to the loss of a job, and with it, the double whammy of losing health insurance and income.

While most Americans will never file for bankruptcy, paying for health care is a source of worry for many.

The complete article was printed in the Orange County Register on 7/12/08.