Navigation Links
Medical Debt Sending Many Over Financial Brink
Date:10/28/2008

having a problem paying medical bills, up from 34 percent -- or 58 million people -- in 2005.

Many families find themselves managing until a crisis sends them over the edge. "The way people get in trouble is have substantial debt they're managing, they're paying mortgages and paying off credit card balances, but they're managing. Then a shock occurs," said Dr. Steffie Woolhandler, an associate professor of medicine at Harvard Medical School and co-author of a medical bankruptcy paper from the Consumer Bankruptcy Project. "In bankruptcy, in about half of those cases, that shock is a medical shock."

"The shock often takes the form of higher bills. It can also take the form of higher bills and loss of work because you're sick," added Woolhandler, who is an advocate of national health insurance.

This is what happened to Donna Smith and her husband, Larry.

The Smiths, who raised six children together, consistently had employer-sponsored health insurance. Like the Krinskys, however, they began to notice a drift upwards in the cost of premiums as well as higher co-pays and higher deductibles in the 1990s.

"While we were both well, we could absorb that creep," said Donna, formerly a newspaper editor and now a community organizer for the California Nurses Association and the National Nurses Organizing Committee in Chicago.

But then the medical crises set in: Larry was diagnosed with serious artery disease, Donna with uterine cancer.

"Our debt was accelerating, but it wasn't just accelerating in medical debt," Donna said. "What you do is you hang on, you borrow from another place and pay the doctor. It's a balancing act all the time." The Smiths took payday loans, Donna pawned her engagement ring, and they even crawled to relatives.

"I can't tell you how humiliating it is," Donna said. "By the time you've gone through that kind of trauma, you've tapped out the good will of family and friends. You
'/>"/>

Copyright©2008 ScoutNews,LLC.
All rights reserved  

Page: 1 2 3

Related medicine news :

1. MSU engineering team designs innovative medical device
2. ATS Medical to Present at the 2007 Thomas Weisel Partners Healthcare Conference
3. Providence St. Joseph Medical Center, Caregivers Reach Agreement on a Union Contract
4. Owner and Operator of Florida Durable Medical Equipment Company Convicted of Medicare Fraud
5. Father and Daughter From Tanzania Receive Their First Medical Examination in Newport Beach
6. Doctors and medical ethicist discuss whether doctors should participate in capital punishment
7. Preparation for Natural Disasters Critical for People With Diabetes, Chronic Medical Conditions
8. Doctors and Medical Ethicist Discuss Whether Doctors Should Participate in Capital Punishment
9. Symmetry Medical Completes Acquisition Of Specialty Surgical Instruments
10. Milestone Scientific Announces Successful Completion of its Collaboration Agreement With Carticept Medical
11. FDA Seeks to Regulate Complementary and Alternative Medicine; Products Such as Vegetable Juice Could Be Restricted for Medical Use
Post Your Comments:
*Name:
*Comment:
*Email:
Related Image:
Medical Debt Sending Many Over Financial Brink
(Date:11/28/2014)... An inventor and dental assistant from Kent, Wash., ... and it was almost impossible to reach. "This gave me ... , The patent-pending Access Light allows for easier use of ... the mouth, as well as avoids harm to the lips, ... use and clean, it also helps prevent cross-contamination. , The ...
(Date:11/28/2014)... 28, 2014 Earlier in the ... the hugely popular, 2014 MTV Video Music Awards ... launched ground-breaking celebrity centered television advertisements directed at ... figures were estimated by Entertainment Weekly ... the spotlight on celebrities photographed by paparazzi smoking. ...
(Date:11/28/2014)... ON Canada (PRWEB) November 28, 2014 ... for the stuff kids lose® and an award-winning company ... Cole, Julie Ellis, Cynthia Esp, and Tricia Mumby have ... Award. They were recognized with the PROFIT Award for ... Julie Ellis, Cynthia Esp, and Tricia Mumby) accepted the ...
(Date:11/28/2014)... New York, New York (PRWEB) November 28, 2014 ... lawsuits ( http://www.consumerinjurylawyers.com/stryker-rejuvenate/stryker-hip-lawsuits/ ) have now been filed ... pair of recalled metal implants, Bernstein Liebhard LLP ... November 18th in Bergen County Superior Court reflects ... and ABG II modular-neck hip stems, which were ...
(Date:11/28/2014)... 2014 A newly released article ... of the influenza virus that will soon be spreading across ... The article begins with a brief explanation of what the ... reminds families that children under the age of 5, adults ... diseases, such as heart and lung diseases, asthma, or diabetes, ...
Breaking Medicine News(10 mins):Health News:Freedom Laser Therapy Applauds American Legacy’s Creative Advertising Targeting Celebrity Smokers 2Health News:Freedom Laser Therapy Applauds American Legacy’s Creative Advertising Targeting Celebrity Smokers 3Health News:Freedom Laser Therapy Applauds American Legacy’s Creative Advertising Targeting Celebrity Smokers 4Health News:Freedom Laser Therapy Applauds American Legacy’s Creative Advertising Targeting Celebrity Smokers 5Health News:Mabel's Labels’ Co-Founders Named A Winner In The 2014 RBC Canadian Women Entrepreneur Awards Program; A Second-Time Win For The Brand 2Health News:Mabel's Labels’ Co-Founders Named A Winner In The 2014 RBC Canadian Women Entrepreneur Awards Program; A Second-Time Win For The Brand 3Health News:More than 2,100 Stryker Hip Lawsuits Included in New Jersey Litigation after Settlement Announcement, Bernstein Liebhard LLP Reports 2Health News:More than 2,100 Stryker Hip Lawsuits Included in New Jersey Litigation after Settlement Announcement, Bernstein Liebhard LLP Reports 3Health News:How Flu Vaccines Can Impact Families Is Discussed in New Article from Community Health Center of Snohomish County 2
... , SATURDAY, May 21 (HealthDay News) -- As summer ... heat-related illnesses, experts say. "We are not invincible ... Brendon McDermott, an athletic trainer with the University of ... Institute (KSI) Medical and Science Advisory Board, in a ...
... (May 20, 2011)The American Federation for Aging Research (AFAR) today ... fellows and junior faculty at 27 Centers of Excellence in ... funded with support from the John A. Hartford Foundation, has ... cadre of academic leaders in geriatrics. As our nation ages, ...
... discs in the low back wear out, become compressed and ... discs can be a viable alternative to standard fusion surgery, ... recently published in the Journal of Bone and Joint ... fusion but this is believed the first to evaluate the ...
... are treated for cancer during childhood have a significantly higher ... severe later in life, according to a study led ... the need for childhood cancer survivors and their physicians to ... health care needs are met. "We have, in a ...
... , FRIDAY, May 20 (HealthDay News) -- The number of ... in recent years, a new government study shows. Researchers ... data from birth certificates for more than 4 million live ... previous years. The investigators found that 28,357 babies were ...
... of UT Dallas is known throughout the world for his ... at The University of Texas at Dallas, he,s known to ... received the President,s Teaching Excellence Award for Tenure-Track Faculty during ... from among more than 100 eligible faculty members who were ...
Cached Medicine News:Health News:Keeping Cool in the Heat 2Health News:AFAR announces the 2011 Hartford Scholars in Geriatric Medicine 2Health News:2-year results: Artificial disc a viable alternative to fusion for 2-level disc disease 2Health News:Childhood cancer survivors at higher risk for future GI complications 2Health News:Home Births Jump 20 Percent in 4 Years: U.S. Report 2Health News:Home Births Jump 20 Percent in 4 Years: U.S. Report 3Health News:UT Dallas' Moller receives teaching award 2
(Date:11/28/2014)... KONG, Nov. 28, 2014 HK$,000Six months endedChange %  30 September ... Cord Blood Storage Service Income , 384,242 , ... , 61,878 , 41,377 , 49.5 ... 2,249 , 6.4 Medical Devices and Accessories Sales ... Chinese Herbal Medicines Sales , 2,917 , 9,219 ...
(Date:11/27/2014)... 2014  Javon Bea Mercy Health System ... staff at Janesville Craig High School and Janesville Parker ... System physicians and Janesville Police ... the Janesville School District. The ... to providing schools and other organizations with the resources ...
(Date:11/27/2014)... -- Hovione announced today it has filed ... U.S. Food and Drug Administration (FDA). This event represents ... delivery options for established drugs. The IND ... a new patented crystalline base form of minocycline, to ... antibiotics for acne. Currently, there are no approved topical ...
Breaking Medicine Technology:Golden Meditech Announces 2014 / 2015 Interim Results 2Golden Meditech Announces 2014 / 2015 Interim Results 3Golden Meditech Announces 2014 / 2015 Interim Results 4Golden Meditech Announces 2014 / 2015 Interim Results 5Golden Meditech Announces 2014 / 2015 Interim Results 6Golden Meditech Announces 2014 / 2015 Interim Results 7Golden Meditech Announces 2014 / 2015 Interim Results 8Mercy Health System, Janesville Police / Fire, provide casualty training to high school faculty 2Mercy Health System, Janesville Police / Fire, provide casualty training to high school faculty 3Hovione Files its First Investigational New Drug Application With the FDA 2
... BD Microtainer Blood Collection Tubes were ... to ensure that a quality capillary blood ... Tube with BD Microgard Closure features an ... This full array of microcollection tubes is ...
... family of pacemakers features several of ... devices in today's worldwide pacing market. ... features and diagnostic information, the system ... Affinity pacemakers platform. , ,It ...
... system uses catheters that are controlled ... console. The console processes the refrigerant, ... tip of the catheter, creates cryogenic ... an easy-to-use touch-screen interface. From this ...
The Fathom Guidewire combines a nitinol hypotube distal segment with advanced microfabrication technology, creating a design that revolutionizes access of the most tortuous vasculature....
Medicine Products: