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Six Million Uninsured Texans Stand On The Brink Of Medical Bankruptcy

Posted By admin || 15-Sep-2009

City of Dallas According to an article in the Dallas Morning News, the most recent U.S. Census Bureau figures states that Texas leads the nation in the percentage of residents without health insurance.  More than 1 out of every 4 Texans are without health insurance, a total of 6 million residents and Texas leads the nation in the numbers of children who go without health insurance. The article said: "...Texas had the nation's highest percentage of children under 18 without coverage - 17.9 percent. Nationwide, the percentage was 9.9 percent." Lack of health insurance is one of the leading causes of bankruptcy.  Medical debt is an outcome that most uninsured individuals simply cannot avoid.  Medical procedures for even the simplest problems such as a broken bone or food poisoning can quickly snowball into an avalanche of medical debt priced in the tens of thousands of dollars. According to leading analysts the vast majority of debtors who file bankruptcy cite medical debt as one of the main causes of their financial trouble. Fortunately for debtors who file bankruptcy medical debt can be completely discharged in a Chapter 7 bankruptcy or repaid under reasonable terms in a Chapter 13 bankruptcy .

(source: http://www.dallasnews.com)

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