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June 5, 2009

Study: Medical Bills Account for Over 60% of US Bankruptcies
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A new study, meanwhile, says ballooning medical bills are now
responsible for more than 60 percent of bankruptcies in the United
States. The Robert Wood Johnson Foundation says the percentage of
bankruptcies linked to medical bills increased by 50 percent from 2001
to 2007, the last year for which data is available. More than 75 percent
of bankrupt families had health insurance but were still crippled by
medical debts.