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re: This deserves it's own thread
Posted on 6/26/20 at 3:09 pm to HTDawg
Posted on 6/26/20 at 3:09 pm to HTDawg
quote:
We're the only developed nation where people go bankrupts over a hospital bill.
This, this right here is what's extreme. 66% of our bankruptcies are due to medical expenses
LINK
quote:
A new study from academic researchers found that 66.5 percent of all bankruptcies were tied to medical issues —either because of high costs for care or time out of work. An estimated 530,000 families turn to bankruptcy each year because of medical issues and bills, the research found.
While in England the number is 5% and that was from a study done back in 2002
LINK /
1
Posted on 6/26/20 at 3:54 pm to dawgfan24348
That's a completely dishonest presentation of a very shitty survey. It wasn't a study, it was a survey, let's be clear.
When you ask people why they failed financially, there will almost always be some kind of health excuse. "Well we got over-leveraged in consumer debt, then we got divorced and that threw everything into a tailspin, dependency and depression kicked in, problems at work led to me being let go, but I also have some medical bills so yea let's say I went bk from medical bills".
Fun fact- medical bills in the US can't destroy your credit and they can't seek liens on your property. The only time you can go bk from medical bills is if the collector actually sues you (they never do, it's not in the business model) and a judge hears the case and determines that you indeed have plenty of money but are too much of an a-hole to pay, then the judge will find against you, then the plaintiff files for liens, THEN you file for bk.
Eta this is why hc is so expensive here, half of people don't pay, so everyone else's price is double.
When you ask people why they failed financially, there will almost always be some kind of health excuse. "Well we got over-leveraged in consumer debt, then we got divorced and that threw everything into a tailspin, dependency and depression kicked in, problems at work led to me being let go, but I also have some medical bills so yea let's say I went bk from medical bills".
Fun fact- medical bills in the US can't destroy your credit and they can't seek liens on your property. The only time you can go bk from medical bills is if the collector actually sues you (they never do, it's not in the business model) and a judge hears the case and determines that you indeed have plenty of money but are too much of an a-hole to pay, then the judge will find against you, then the plaintiff files for liens, THEN you file for bk.
Eta this is why hc is so expensive here, half of people don't pay, so everyone else's price is double.
This post was edited on 6/26/20 at 3:56 pm
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