BANKRUPTCY STUDY

bankruptcy video

Paul Zane Pilzer is an American economist, New York Times best-selling author, and social entrepreneur. He has written 11 books and is the founder of six companies, and has been profiled in more than 100 publications including on the front page of The Wall Street Journal.

BENEFITS & BANKRUPTCY STUDY

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Affordability of health care and insurance

While many employers pay for a large share of covered workers’ health insurance premiums, the survey finds that employer-sponsored health insurance does not offer iron-clad protection against health care affordability challenges.

The full study and report, shows people without health insurance is most likely to end up in bankruptcy during a medical crisis. What's really startling is a majority of employees with company sponsored benefits have a high probability of filing for bankruptcy as well

When this group is asked to say which has been the biggest problem for their family, medical bills they had to pay before meeting their deductible (31 percent) and unexpected medical bills (23 percent) top the list, while fewer say the biggest burden is their prescription drug costs (11 percent), medical visit co-pays (10 percent), or health insurance premiums (8 percent).


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Source

Kaiser Family Foundation

Conducted

May 2019

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