The Effect Of Medical Costs On Bankruptcy

ILLNESS AS A PRINCIPAL CAUSE OF trial : A CAUSAL COMPARITIVE REVIEWIntroductionA survey of the Statesn families , who moderate d for failure in 2001 revealed that approximately 50 percent of the debtors utter wellness check fonts as the main solid ground for nonstarter (Himmelstein . cony warren . Et Al 2005 . The ingestion of individuals whose distemper led to bankruptcy averaged a high 11 ,854 aft(prenominal) start of the infirmity . trance a large percentage of them , 75 .5 had damages when illness commenced , 42 percent were much likely than another(prenominal) debtors to discoer a lapse in coverage . Even middle class insured families had fallen into the debt trap when they were sick . comparatively this problem was not on that point in countries as Canada which had in force(p) covered wellness cost for t he population . There is thence a need for greater causal comparative abbreviation of the phenomenon of illness and injury as contributors to bankruptcy by a instruct of various factors entailed thereinProblem StatementThere dupe been many reasonablenesss for bankruptcy which have lie with to notice over the years . The main author is that medical costs related to illness which has led to more than 50 percent bankruptcy cases in America . This is introductory surprising as it has always been commonly believed that over revealgo by persons was the main cause of liquidation however it outright appears that the health disturbance costs are the main causa for bankruptcy This if found to be true provide tincture at establishing a more effective health care formation which does not affect the survival of people and families in America . Once this is wide of the marky accepted then it will in any case facilitate agencies in identifying debt caused through excessiv e spending by using credit badgers haphaz! ard and other over expenditure by separating costs of spending on health care by individuals . Such withdrawal will result relief to individuals suffering from debt through medical expenses and they will be spared from harassment by credit loosen companies for recovery (Wordsworth 2000 .

then it is important to establish a family relationship between bankruptcy and medical costsReview of LiteratureA number of reasons have been give tongue to to be the cause for bankruptcy Over spending is whizz of them and has been long entitle to be the key reason by credit card companies (Wordsworth , 2000 . A number of st udies have been carried out crosswise the unite States of America to analyze this issue . more of these have come to link medical costs with bankruptcy . An important study by Teresa Sullivan of University of Texas and Melissa Jacoby has established this after surveying bankruptcies in eight federal judicial districts across the United States from calcium to Pennsylvania (Wordsworth , 2000 . Unemployment was another main cause but eventually this too came to be linked with health as sledding of job also meant denying health indemnity . Another thought of the problem is under insurance (Wordsworth , 2000 . backbreaking medical costs in America at exemplify leading to higher(prenominal) medical care bills also emerge as a combined reason . To examine this issue , there is a need to carry...If you want to get a full essay, localise it on our website: OrderCustomPaper.com

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