Some Frigid Facts
1. According to one research, 50% of bankruptcies filed in the US were due to medical causes. 75.7% of those that filed bankruptcy due to medical causes had insurance at the onset of illness. Even middle class families often fall prey to financial catastrophe, when sick.
2. In 2004 (the latest year data are available), total health care spending represented 16 percent of the gross domestic product (GDP). This is expected to increase at similar levels for the next decade reaching 20 percent of the GDP in 2015.
3. More than 25 percent, according to a survey said that housing problems resulted from medical debt, including the inability to make rent or mortgage payments and the development of bad credit ratings
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