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Medical Bills and Bankruptcies

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A recent study funded by the Robert Wood Johnson Foundation took a look at the connection between medical bills and bankruptcies in the United States. The results at a glance: More than 62 percent of bankruptcies in 2007 were related to medical bills. This is an increase of approximately fifty percent since 2001. More than three-quarters of families who declared bankruptcy due to medical bills DID HAVE health insurance but were still overwhelmed by medical debt. More than ninety percent of people with medical debt owed more than five thousand dollars. In many cases, the amount of medical debt was … Continue reading →

Insurance Company Refused to Cover than Reconsidered Too Late

Welcome to 2008, hopefully your family had a better end to the year 2007 than the family of Natiline Sarkisyan. Their year ended with a funeral for their teen-aged daughter who died after her health and medical insurance company refused to pay for a liver transplant and then reconsidered. The Philadelphia-based Cigna HealthCare insurer has a history of approving coverage for over 90% of all transplants claims requested by their insured members, with over 90% of the liver transplant request being approved according to Cigna company President David Cordani in a memo addressed to employees and distributed to the media. … Continue reading →