Cause of bankrupty

Though often sent through a punitive system, those who live recklessly do not characterize the typical bankruptcy.

US News link: Bankruptcies Caused by Medical Bills

High medical bills, which cause almost 2 out of every 3 bankruptcies, are leading many Americans into financial ruin, the New York Times reports.

The costliest medical conditions are neurological problems, which cost patients $34,167 in average out-of-pocket healthcare expenses, according to a study in Thursday’s online edition of the American Journal of Medicine.

The study found that from 2001 to 2007, the number of bankruptcies caused by medical bills rose by about 50 percent.

Insured Americans bankrupted by health problems had an average $17,749 in medical bills; those without insurance had bills amounting to $26,971, on average.

Insurance seems to escape the total bill?