* 50% Illness and medical
* 2,000,000 2 million of our friends, family members, colleagues, neighbors...are affected by these personal bankruptcies caused by healthcare expenses.
* 56% of those filing bankruptcy for healthcare costs owned a home.
* 30% of those filing bankruptcy for healthcare costs had their utilities cut off.
* 61% went without needed medical care.
* $13,000 The amount of uncovered medical bills at the start of an illness by those with health insurance.
* $35,000+ The average medical debts for those with cancer.
The statistics above were reported in 2005 from a study conducted by jointly by Harvard's Medical School and Law School and published in Health Affairs. The article Medical Bills Leading Cause of Bankruptcy, Study Finds was published in Consumer Affairs in February, 2005.
And this data inspired the leaders of the best healthcare system in the world to improve since then, right?
Medical problems caused 62% of all personal bankruptcies filed in the U.S. in 2007, according to a study by Harvard researchers. And in a finding that surprised even the researchers, 78% of those filers had medical insurance at the start of their illness, including 60.3% who had private coverage, not Medicare or Medicaid.- BusinessWeek, June 2009
A new study published in the American Journal of Medicine has found
that bankruptcies due to medical debt rose 50 percent from 2001 to
2007.- Health Related Bankruptcies Up 50%
I want to see the costs of these personal bankruptcies to business. The costs to business would be in lost productivity and lost revenues. And compare them then to the costs of health insurance for their currently uninsured employees.
I would love to see the costs of these personal bankruptcies compared to the costs of social programs with medicare, medicaid, Schip, healthcare clinics, that compensate for the lack of affordable and complete health insurance.
I'll bet my senator Chuck Grassley and Nancy Pelosi, both, a year's supply of one daily latte at Starbucks that universal, single-payer, healthcare that covers all healthcare expenses will prove ultimately more affordable.
Note: I choose Starbucks for he convenience of their gift-card So, Senator Grassley or Speaker Pelosi, if you can present data that shows the costs to our economy and our federal budget is less from the current system where 62+% of all personal bankruptcies arise from the uncovered costs of medical care (even when 78% of those filing for personal bankruptcy as a result of uncovered medical expenses had health insurance) I'll buy each of you one latte each day for 365 days. ( That's a small latte.)
And you can drink that latte and continue with our current healthcare system.