While some nameless conspirators agitate against "socialized medicine" (and can't even put their opposition in complete sentences—check the stop sign), medical bills are involved in 62.1% of personal bankruptcies in America. That's an increase of 50% in six years. And don't think those bankruptcies can be blamed on lazy, irresponsible people: 75% of those medical debtors were paying for health insurance, and most of them were well-educated, working, middle-class homeowners.
The report, issued by researchers from Harvard Law, Harvard Med, and Ohio U., found that "a quarter of firms cancel coverage immediately when an employee suffers a disabling illness; another quarter do so within a year." Hmm... an insurance system that provides coverage only until you actually need it... sounds like the definition of dysfunctional.
Single-payer health insurance advocate Dr. David Himmelstein says it best: "Unless you're Warren Buffet, your family is just one serious illness away from bankruptcy."
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