How many Medical Bankruptcies were there in the past year?

  1. 5
    ERROR: If you can see this, then YouTube is down or you don't have Flash installed. View this video at YouTube

    I'll say this for Senator Franken he does come to school with his homework finished.
    brian, Elvish, leslie :-D, and 2 others like this.

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  2. 11 Comments...

  3. 4
    2005: medical bills leading cause of bankruptcy, harvard study finds
    2001 study in 5 states found that medical problems contributed to at least 46.2% of
    all bankruptcies. since then, health costs and the numbers of un- and underinsured have increased, and
    bankruptcy laws have tightened


    as recently as 1981, only 8% of families filing for bankruptcy
    did so in the aftermath of a serious medical problem.
    [color=#000064][color=#000064][color=#000064]1

    by contrast, our 2001 study in 5 states found that illness or
    medical bills contributed to about half of bankruptcies.
    [color=#000064][color=#000064][color=#000064]2

    since then, the number of un- and underinsured americans
    has grown;
    [color=#000064][color=#000064][color=#000064]3 health costs have increased; and congress

    tightened the bankruptcy laws.
    [color=#000064][color=#000064][color=#000064]4...
    [color=#000064][color=#000064][color=#000064]

    using a conservative definition, 62.1% of all bankruptcies in 2007 were medical; 92% of these

    medical debtors had medical debts over $5000, or 10% of pretax family income.

    tewdles, leslie :-D, GCTMT, and 1 other like this.
  4. 3
    2005: medical bills leading cause of bankruptcy, harvard study finds
    2001 study in 5 states found that medical problems contributed to at least 46.2% of all bankruptcies. since then, health costs and the numbers of un- and underinsured have increased, and bankruptcy laws have tightened



    as recently as 1981, only 8% of families filing for bankruptcy did so in the aftermath of a serious medical problem.[color=#000064][color=#000064][color=#000064]1 by contrast, our 2001 study in 5 states found that illness ormedical bills contributed to about half of bankruptcies.[color=#000064][color=#000064][color=#000064]2 since then, the number of un- and underinsured americans

    has grown;
    [color=#000064][color=#000064][color=#000064]3 health costs have increased; and congress tightened the bankruptcy laws.[color=#000064][color=#000064][color=#000064]4...
    using a conservative definition, 62.1% of all bankruptcies in 2007 were medical; 92% of these medical debtors had medical debts over $5000, or 10% of pretax family income.





    Last edit by NRSKarenRN on Oct 26, '09
    tewdles, GCTMT, and HM2VikingRN like this.
  5. 0
    I am particularly proud of my Senator. Its a breath of fresh air that he is able and willing to speak truth to power.
  6. 1
    And he does it without yelling or name-calling. I wasn't sure how he'd do as a senator but have been pleasantly surprised.
    HM2VikingRN likes this.
  7. 0
    Tough talk from amother democrat tax cheat.

    http://minnesota.publicradio.org/dis...1/accountants/
  8. 4
    Quote from CRNA2007
    Tough talk from amother democrat tax cheat.

    http://minnesota.publicradio.org/dis...1/accountants/
    From article posted....

    They pointed out multi-state tax filings can be intensely complicated, and accountants do mess up from time to time. But most of them also echoed Woodbury tax accountant Michael Shaffer.

    "It really seemed like it was a rookie mistake," Shaffer said.

    The mistake was that instead of paying taxes in the many states where he earned money from 2003 through 2006, Franken paid state income taxes only in the states where he lived -- New York and Minnesota. That meant he overpaid taxes in those two states, but shorted the other 17 states by more than $50,000.
    Franken says he will pay those states now, plus interest and penalties, for a total of about $70,000. Then he'll file for a refund in Minnesota and New York.
    Monies owed appear to be small in comparison to his total income..... and have noting to do with topic at hand ---

    MEDICAL BANCRUPTCIES
    Last edit by NRSKarenRN on Oct 26, '09
    tewdles, lindarn, HM2VikingRN, and 1 other like this.
  9. 0
    Quote from HM2VikingRN
    ERROR: If you can see this, then YouTube is down or you don't have Flash installed. View this video at YouTube

    I'll say this for Senator Franken he does come to school with his homework finished.

    And 100% were caused by poor planning, borrowing more than they could afford. When 46% something are caused SOLELY by medical bills then we should talk. Remember by filing bankruptcy those people got their health care for free.
  10. 4
    Quote from Onekidneynurse
    And 100% were caused by poor planning, borrowing more than they could afford. When 46% something are caused SOLELY by medical bills then we should talk. Remember by filing bankruptcy those people got their health care for free.
    If a person gets into a car accident (for example) and needs hospitalization, there's a chance they could need extensive medical treatment, the bills could run into the 10's of thousands, maybe even into the 100's of thousands.

    How does a person (insured or uninsured) plan for that?
    tewdles, lindarn, NRSKarenRN, and 1 other like this.
  11. 1
    Quote from GCTMT
    If a person gets into a car accident (for example) and needs hospitalization, there's a chance they could need extensive medical treatment, the bills could run into the 10's of thousands, maybe even into the 100's of thousands.

    How does a person (insured or uninsured) plan for that?

    By buying car insurance. I have $300,000. If they can't fix me for that amount of money then let me go.
    CRNA2007 likes this.


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