The researchers analyzed Bureau of Labor Statistics data of more than 12,500 people.
People are twice as likely to file for bankruptcy if their health insurance has been interrupted, according to a new study published this week. In fact, all it takes is a coverage gap within two years for the chance of bankruptcy to jump twofold, according to the study published by the American Bankruptcy Institute.
There’s already a “well established connection” between outstanding medical bills and consumer bankruptcies, the authors said, but there’s less consensus on what counts as medical debt and how many bankruptcy cases are filed because of those unmanageable health costs. Last month, Fifth Circuit judges heard arguments on whether to strike down the ACA after lawmakers repealed the penalty against individuals who didn’t have health insurance. Approximately 20 million people could lose their coverage if the law is ruled unconstitutional, according to advocates pushing to keep the law intact.See also: 1 in 4 cancer survivors is going broke fighting to stay alive
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Barneys Nears Bankruptcy Filing With Plans to Close Most StoresBarneys is preparing to file for bankruptcy and nearing an agreement with lenders for a financing package that would give the luxury retailer time to find a buyer, according to people familiar with the matter.
Consulte Mais informação »
Cinema Chain iPic Files For Chapter 11 Bankruptcy: Enter Netflix, Apple Or Amazon?Luxury cinema chain iPic Theatres filed for Chapter 11 bankruptcy this morning and announced it is pursuing a financial reorganization or a possible sale of the circuit. Could Netflix, Amazon or Apple be suitors?
Consulte Mais informação »
iPic Entertainment, luxury cinema pioneer, files for bankruptcy as rivals move iniPic Entertainment was one of the first companies to popularize dine-in luxury movie theaters, a concept that has since gone mainstream.
Consulte Mais informação »
Barneys, a nearly century-old icon of New York retail, files for bankruptcy'The entire industry is in survival mode,' Barneys CEO Daniella Vitale told employees earlier this year, according to a recording obtained by CNBC. 'The model is not working, it's not working for us, it's not working for Saks, it's not working for Nordstrom.'
Consulte Mais informação »
Luxury department store Barneys files for bankruptcy: New York TimesU.S. luxury department store chain Barneys New York Inc filed for Chapter 11 ban...
Consulte Mais informação »
Barneys Files for Bankruptcy, Plans to Close Most StoresThe luxury retailer filed for bankruptcy protection and reached an agreement for a financing package to give the luxury retailer time to find a buyer, as the company plans to close several stores.
Consulte Mais informação »