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June 04, 2009 at 08:00 PM
Health problems contributed to a majority of U.S. bankruptcy filings in 2007, researchers report.
The researchers, from Cambridge Health Alliance/Harvard Medical School, Harvard Law School, and Ohio University surveyed a random sample of 2,314 people who had filed for bankruptcy in the United States in 2007.
The researchers analyzed the bankruptcy court records, then interviewed 1,302 of the filers.
The researchers found that about 62% of the bankruptcies were “medical bankruptcies,” and that 92% of the filers of those cases had medical bill problems, according to a paper summarizing their results that appears in the American Journal of Medicine.
