Many Americans are just one major medical illness away from financial catastrophe.
A research team from Harvard Law School, Harvard Medical School, and Ohio University reported in the American Journal of Medicine that 60% of U.S. personal bankruptcies are caused by overwhelming medical bills ... and that more than 75% of families that declared bankruptcy because of medical bills had health insurance that provided insufficient coverage.
The researchers said that the proposed changes to the health-insurance system that are being considered "are unlikely to help many Americans" and urged converting to a single-payer system. I agree; our current system is well past broken.
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