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> majority of personal bankruptcies in the US being caused by medical expense I see this said over and over without actual unbiased stats. As quick google sear
by mlrtime 1y ago
> majority of personal bankruptcies in the US being caused by medical expense
I see this said over and over without actual unbiased stats. As quick google search tells me it's not.
I don't blame you for saying it, it's just said so casually and it seems true but isn't.
- HalcyonCowboy 1y agoThanks for being skeptical, looked it up because of that. Looks like the primary study people cite is this one, which indicates around 65% of people filing for bankruptcy cite a medical contributor of their bankruptcy. That includes medical bills (highest contributor overall) and loss of income due to medical issues. https://pmc.ncbi.nlm.nih.gov/articles/PMC6366487/ https://pmc.ncbi.nlm.nih.gov/articles/PMC6366487/ I’d like to see what information you have that’s different though.
- mlrtime 1y agoLoss of income is #1 with medical being close #2. https://www.debt.org/bankruptcy/statistics/ https://www.debt.org/bankruptcy/statistics/ 78% cited loss of income.