From New York Times columnist Jim Dwyer’s latest submission:
A study of 2007 bankruptcy filings found that nearly two-thirds were caused by medical bills. “Most medical debtors were well-educated, owned homes and had middle-class occupations,” according to the study, published in The American Journal of Medicine. “Three-quarters had health insurance.”
Paging Barack Obama, paging Pres. Barack Obama.
Fun fact of the day:
The column is wrong. The study found that medical bills contributed to 57 percent of bankruptcies — that’s closer to one-half (50 percent) than two-thirds 66 (percent). An additional 5 percent filed bankruptcy partly because of loss of income due to illness and inability to work — bringing the total medical-related bankruptcies up to 62 percent — but that 5 percent is not related to medical bills.