Medical bankruptcy is an evolving term to describe the growing problem of people being forced into bankruptcy due to overwhelming medical debt
People without access to comprehensive medical insurance
While some employers offer comprehensive medical insurance, most do not. Those employers that do provide some level of medical insurance ask their employees to pay one hundred percent of their deductible.
However, health insurance premiums are so high, most people cannot even afford the deductibles. This is especially true for people facing foreclosure, eviction, and serious financial trouble. The only remedy for them is to file for medical bankruptcy.
America remains the only modern industrial nation that does not provide comprehensive health insurance as a basic right.
