Study: Medical bankruptcies may not be as common as thought
March 23, 2018
Medical bills can push patients over the financial cliff, but a new study says this may not happen as often as previous research suggests.
Hospitalizations cause only about 4 percent of personal bankruptcies among non-elderly U.S. adults, according to an analysis published Wednesday in the New England Journal of Medicine.
This contrasts with previous research by former Harvard professor and current U.S. Sen. Elizabeth Warren and others that pointed to medical reasons as the trigger for more than 60 percent of U.S. bankruptcies.
In the new study, researchers tracked the credit reports of mor...
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