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Capitalism

 

March 19, 2019 - The Atlantic

Americans Are Going Bankrupt From Getting Sick

Americans Are Going Bankrupt From Getting Sick

Medical debt is a uniquely American phenomenon, a burden that would be unfathomable in many other developed countries. According to a survey published this month in the American Journal of Public Health, nearly 60 percent of people who have filed for bankruptcy said a medical expense “very much” or “somewhat” contributed to their bankruptcy. That was more than the percentage who cited home foreclosure or student loans. (The survey respondents could choose multiple factors that contributed to their bankruptcy.)

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