Monday, April 4, 2011

Medical Bills Leading Cause of Bankruptcy: Don’t Let Work Comp. or Personal Injury Bills Send You Into Financial Ruin

I ran across an interesting article in the Hutchinson Leader about the rates of bankruptcy filings related to medical bills. Dr. David Himmelstein, a professor of public health at City University in New York and an associate professor of medicine at Harvard Medical School noted that medical-related bankruptcies went up substantially between 2002 and 2007, even before the economic recession began.

Interestingly, the vast majority of people filing for bankruptcy due to medical bills actually had some form of insurance. Dr. Himmelstein noted that “[m]ost people who are driven into bankruptcy by illness and medical bills actually have coverage, but it’s such inadequate coverage that it doesn’t keep them from financial ruin…they’re facing huge premiums and copayments and deductibles – and things that aren’t covered by their insurance.”

Dr. Himmelstein cautions against targeting public-sector health benefits and benefits through health and human services for budget cuts. Leaving people with worse coverage will lead to more people incurring greater medical expenses.

If you’ve sustained a personal injury as a result of a motor vehicle accident due to someone else’s fault, or if you’ve sustained a work-related injury and the insurance company is denying your claim, outstanding medical bills can pile up quickly. We can help get these bills paid. Don’t let an injury force you into financial ruin.

We understand how frustrating and stressful it can be when you're injured and your medical bills are piling up. If you're off work, and you've lost your insurance, paying for your bills out of pocket probably isn't an option. We can help get those bills paid.

If you’ve sustained a Minnesota work injury or personal injury, and need help with your medical expenses, contact us for a free, no-obligation consultation. Call us at 877-746-5680 or click here to send us an email to speak with one of our lawyers.

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