Many individuals who
cite medical debt as the cause of their bankruptcy were actually covered under a health insurance plan at the time the medical expenses were incurred.
Not exact matches
42 % of survey respondents
cited making ends meet as the biggest reason for their credit card
debt, well ahead of car repairs at 29 % and
medical bills at 27 %.
Limited income (47 percent), student loan
debt (30 percent), and rising rents (28 percent) were the top three obstacles
cited, followed by health and
medical costs (14 percent).