According to a 2005 Harvard study, (http://www.msnbc.msn.com/id/6895896/) costly illnesses are responsible for nearly half of all bankruptcies, and most people who fall into bankruptcy because of illnesses or injury have health insurance.
2005: McCain Voted Against Exempting Medical Debt from Bankruptcy Means Test And Against Protecting Debtors' Homes From Being Seized As A Result Of Medical Debt. During the debate on the 2005 bankruptcy reform bill, McCain opposed a number of amendments to protect individuals forced into debt because of high medical expenses. McCain voted against an amendment that would exempt debtors from the means test if their financial troubles were caused by medical expenses, and he opposed another amendment that would have exempted from the means test individuals who have incurred substantial medical debt on behalf of dependent or non-dependent family members, such as a parent or grandparent, or who have experienced a reduction in employment status while caring for such a family member. In addition, he voted against an amendment to provide a homestead exemption of at least $150,000 of the equity in the property the debtor uses as a primary residence if the bankruptcy stems from medical expenses. [S 256, Vote 16, 3/02/05, Failed 39-58: R 0-54 D 38-4 I 1-0; S 256, Vote 18, 3/02/05, Failed 37-60: R 0-54 D 37-5 I 0-1; S 256, Vote 17, 3/02/05, Failed 39-58: R 0-54 D 38-4 I 1-0]
2001: McCain Voted Agains
'/>"/>
| SOURCE Democratic National Committee Copyright©2008 PR Newswire. All rights reserved |