Medical illness and medical debt have been the leading cause of bankruptcy in the United States for over 20 years, yet most people who declare bankruptcy have health insurance at the time of their illness, raising critical questions about the effectiveness of insurance in protecting against financial ruin.
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Dr. Claudia Fegan calls out corporate health insurersAdded:
Medical illness and medical debt is the number one cause of bankruptcy in this country and it has been for more than 20 years.
Most people who declare bankruptcy have insurance at the time of the precipitating illness.
What is the point of insurance if you go bankrupt as a result of medical illness?
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