This Business News Story Was Uncovered By Us From: http://www.youngadultmoney.com/2019/01/07/bankruptcy-united-states/
This exclusive industry connected news Piece, was selected personally by Marcus lee, who is one of our undercover online business News flash reporters – will give you added insight in how these points of views could be translated into your own business projects.
Years ago when the Affordable Care Act was being pushed by Democrats there was a lot of attention given to the number of bankruptcies being driven by medical bills.
Estimates of hundreds of thousands, if not more than a million, bankruptcies being driven by medical bills each year in the United States were common.
Regardless of what the exact number is, it doesn’t take a detailed analysis or understanding of the health care system in the United States to conclude that a lack of health insurance and, in turn, medical bills, drive bankruptcy.
Ever since the Affordable Care Act was passed a decade ago we’ve moved past the issue of pre-existing conditions not being covered, which certainly drove unaffordable medical bills. Think about it – if someone had previously had cancer so their health insurance flagged it as a pre-existing condition that they would not cover, it’s pretty obvious what would happen if the cancer returned. 99% of the population would find the out of pocket bills from cancer care to be unaffordable.
The Affordable Care Act gave us two important things: outlawed the practice of denying claims due to pre-existing conditions and gave everyone – regardless of employment – at least one option for health insurance coverage.
So are medical bills s… Read More
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