3 ms·

"The stays usually turn into uncollectible debts for the hospitals." --> "The stays turn into bankruptcy for the patients" Incidentally the leading cause of pe

"The stays usually turn into uncollectible debts for the hospitals." --> "The stays turn into bankruptcy for the patients" Incidentally the leading cause of personal bankruptcy in the US is unpayable hospital bills. For those outside the US, here is how it works: a simple visit to the doctor for antibiotics (the ER, since that becomes your only option) turns into a $1200 bill.

sologoub 11y ago
People in that situation rarely have assets that can be seized, so a bankruptcy is meaningless. You also missed that Obamacare really does take care of a large chunk of the problem, as flawed as it is. The paid options with large assistance (Silver plans) are also fairly affordable. I'm not familiar with non-CA options, but can't imagine them to be that much different from CA ones.
- unprepare 11y ago
  >People in that situation rarely have assets that can be seized, so a bankruptcy is meaningless. Until they want to purchase a home, purchase a car, pass a credit check to get a job, get a credit card, get a loan, start a business, or get a cell phone. remember that a bankruptcy stays on your credit report for 7 years. I would say having a job and a home are far from 'meaningless'
ajuc 11y ago
> a simple visit to the doctor for antibiotics (the ER, since that becomes your only option) turns into a $1200 bill. WOW. It's like $10-$20 in private clinic here. Or free if you want to wait for a few hours.
- galfarragem 11y ago
  Living in East Europe and work in IT to an abroad company (aka getting a super inflationed sallary) is the sweet spot of sustainable life quality - nowadays is probably the best you can find in the world. Be thankful. What for do I want to receive 100K in the Bay area and pay an huge amount of money to get a decent house, health care, safety and schooling for my kids?

3 ms·

"The stays usually turn into uncollectible debts for the hospitals." --> "The stays turn into bankruptcy for the patients" Incidentally the leading cause of pe

by finance-geek 11y ago

sologoub 11y ago
People in that situation rarely have assets that can be seized, so a bankruptcy is meaningless. You also missed that Obamacare really does take care of a large chunk of the problem, as flawed as it is. The paid options with large assistance (Silver plans) are also fairly affordable. I'm not familiar with non-CA options, but can't imagine them to be that much different from CA ones.
- unprepare 11y ago
  >People in that situation rarely have assets that can be seized, so a bankruptcy is meaningless. Until they want to purchase a home, purchase a car, pass a credit check to get a job, get a credit card, get a loan, start a business, or get a cell phone. remember that a bankruptcy stays on your credit report for 7 years. I would say having a job and a home are far from 'meaningless'
ajuc 11y ago
> a simple visit to the doctor for antibiotics (the ER, since that becomes your only option) turns into a $1200 bill. WOW. It's like $10-$20 in private clinic here. Or free if you want to wait for a few hours.
- galfarragem 11y ago
  Living in East Europe and work in IT to an abroad company (aka getting a super inflationed sallary) is the sweet spot of sustainable life quality - nowadays is probably the best you can find in the world. Be thankful. What for do I want to receive 100K in the Bay area and pay an huge amount of money to get a decent house, health care, safety and schooling for my kids?