By Jolene Bach, Rural Dynamics Inc.Last week, Montana Legal Services highlighted that the vast majority of consumers who file for bankruptcy do so as a direct result of medical debt and that three-quarters of those filers had private health insurance. Either these consumers were underinsured; were sick for an extended time period and lost their …
Dispelling the Myths Surrounding Bankruptcy: Many Montanans Truly Have Nothing Left to Give.
1.5 million people in the United States filed for bankruptcy in 2010, an increase of 13.8% from 2009. Would you have guessed that 42% of all personal bankruptcies were a result of medical expenses and that 78% of the individuals who filed had health insurance? A Visual Tour of the Leading Causes of BankruptcyThere is …