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See Latest ArticlesMedical bankruptcy rising
American Hospital Association News, 06/12/09
Nearly two-thirds of all bankruptcies in 2007 were due to illness or the inability to pay medical bills, a 50% increase from 2001. The nationally representative survey of 2,314 Americans who filed for bankruptcy in 2007 found that out-of-pocket medical spending averaged $17,943 among medically bankrupt families, while 48% of debtors said hospital bills were their largest single out-of-pocket expense.
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