They concluded that 62.1 percent of the bankruptcies were medically related because the individuals either had more than $5,000 (or 10 percent of their pretax income) in medical bills, mortgaged their home to pay for medical bills, or lost significant income due to an illness.
I don't expect you to trust me. I expect you to verify. The issue is that this was reported as medical bills cause 62% of bankruptcies. In any given year, I have more than $5000 in medical bills and to this point this has not bankrupted me. So $5000 in medical bills is not a really good indicator of the cause of the bankruptcy, but don't let that stop you from attacking me personally. This issue is not the study. The issue is the study and how it was used. Yes the study information was correct, but it was set up so it could be reported as medical bills cause 62% of bankruptcies which was not what it showed.