Salinas Bankruptcy Attorney discusses link between health care costs and rise in bankruptcy filings
Salinas Bankruptcy Attorney discusses link between health care costs and rise in bankruptcy filings.
Two recent reports confirm that health care costs are a significant contributor to the rise in consumer bankruptcy filings. The reports note that health care costs are a factor in more than 60% of bankruptcy filings in the United States. In more than 25% of the cases, the medical costs were the primary cause of the bankruptcy filing.
The rise in healthcare costs, coupled with the job losses across the nation and the loss of healthcare coverage that accompanies unemployment have driven many families who have chronic illnesses or sudden medical emergencies to seek bankruptcy protection. This issue has been frequently discussed as the nation looks at the possibility of reforming the health care system.
Having adequate health insurance is a vital protection of your family’s financial situation. If you do not have insurance, contact your state insurance commissioner to review the options available to you from public and private insurers.
If you have a question regarding Bankruptcy please contact us at 1-800-941-6730 or visit www.bkanswers.com and we can connect you with one of our experienced Bankruptcy Attorneys. After you have spoken with one of our bankruptcy attorneys we can schedule you a free face to face appointment in our office location nearest you. Our team of Bankruptcy Lawyers can assist you with all aspects of your case. If you are have questions about filing a chapter 7 bankruptcy, a chapter 11 bankruptcy, a chapter 13 bankruptcy, lien stripping, cram down, a stopping a foreclosure or wage garnishment, discharging debt, etc. we can help! We have bankruptcy attorneys located throughout California who can assist your needs. Please feel free to complete our free bankruptcy evaluation and we can quickly determine if you are a qualified candidate for bankruptcy.
