How Health Care Affects Filing Bankruptcy

Added by kcatoto
< / > Click here to embed this graphic on your website
Over the last 30 years, medical costs increased significantly faster than other necessities. Thirty years ago, medical costs were on par with housing, food and energy. But while the costs of those basic items grew at about the same rate, the cost of health care quickly outpaced its peers. In some decades, the Consumer Price Index for medical care grew at double the rate of other essential items. Today, the CPI of medical care is 75% higher than the second fastest growing item. As these costs rose, so did the number of Americans filing bankruptcy. Among filers, more than 60 percent cited medical debt as the main cause of their bankruptcy.
Credits
Designed by
Unknown. Add credit
More Info

Added: 1 year ago

Rank: 1478 of 2603 in Economy

Tags: bankruptcy, Health Care, medical costs, medical care, medical care cost

Source: Unknown. Add a source

Incorrect or Missing URL? Let us know


Embed Code