You should not become bankrupt just because you get sick. That seems to me to be an obvious requirement for any civilized society. But that is not the case in the US. As a new study of bankruptcy court filings reveal, medical expenses are the most common cause of bankruptcies in the US. This has been true for some time and it is significant that the Affordable Care Act (known popularly as Obamacare) has not changed the numbers.
[Read more…]