Thomas Paine
Veteran
- Sep 4, 2003
- 583
- 569
That's funny. The same people who have been trying for decades to do away with Social Security and Medicare are going to come out with their own plan to lower our medical costs. Let me guess, they will ban lawsuits by injured people against drug companies, Hospitals and Insurance providers and the savings will "trickle down" to the Consumer? Reaganomics worked so well for the working class right? I'm willing to listen, but not continue to do nothing until they feel like telling us what their secret plan is. Obamacare has been delayed, twisted and tainted thanks to the Republicans for four years, why didn't they put something out four years ago instead of just being obstructionists? http://www.cnbc.com/id/100840148 Here is another one: http://www.cnbc.com/id/100840148 Medical Expenses"At the moment," that is true! ------ But I hear there are rumors that the "big, bad, Republicans are working on an alternative, and they will have it ready just in time for the next, up and coming, Congressional elections.
A study done at Harvard University indicates that this is the biggest cause of bankruptcy, representing 62% of all personal bankruptcies. One of the interesting caveats of this study shows that 78% of filers had some form of health insurance, thus bucking the myth that medical bills affect only the uninsured.
Rare or serious diseases or injuries can easily result in hundreds of thousands of dollars in medical bills - bills that can quickly wipe out savings and retirement accounts, college education funds and home equity. Once these have been exhausted, bankruptcy may be the only shelter left, regardless of whether the patient or his or her family was able to apply health coverage to a portion of the bill or not.