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Medical Bills A Factor in 62% of Bankruptcies

According to a recent study by Harvard Medical School, 62% of all personal bankruptcies filed in 2007 were related to a significant extent to medical bills.  Further, the really shocking statistic is that of those bankruptcies where medical bills were a factor, 78% had health insurance coverage!  You can read the study at http://pnhp.org/new_bankruptcy_study/Bankruptcy-2009.pdf.

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