Healthcare: Medical Debt Cited More Often in Bankruptcies

Roughly 20% of those seeking financial counseling this year and last cited medical debt as the primary cause of their decision to seek bankruptcy protection, according to CredAbility, an Atlanta-based nonprofit credit counseling agency that serves clients nationally. That's up from about 12 to 13% in the prior two years.

With unemployment persistently high, more people have lost health coverage along with their jobs ....

For more, see Medical Debt Cited More Often in Bankruptcies by Ann Carrns, August 18, 2011 at Bucks.