Send a Tweet
Most Popular Choices
Share on Facebook Share on Twitter Share on LinkedIn Share on Reddit Tell A Friend Printer Friendly Page Save As Favorite View Favorites
OpEdNews Op Eds

Americans are only "One Illness Away from Financial Ruin"

By       Message Douglas g     Permalink    (# of views)   7 comments

Related Topic(s): ; ; , Add Tags
Add to My Group(s)

View Ratings | Rate It

opednews.com Headlined to H2 6/7/09

Author 19590
- Advertisement -

BAD IMAGE - file:///C:/Users/Robert/AppData/Local/Temp/msohtmlclip1/01/clip_image001.jpg (must exist and begin with http)

Image by theamericanroadside via Flickr

"Unless you're a Warren Buffett or Bill Gates, you're one illness away from financial ruin in this country"
Lead author Steffie Woolhandler, M.D., of the Harvard Medical School regarding their recent study on medical bills leading to bankruptcies in the US.


Everyone knows that people that go bankrupt have been living beyond their means, enjoyin the good life. Or at least that is what we have been told about the common folk that are unfortunate enough to go bankrupt. But for major corporations and banks that get into trouble, their leaders either get big fat obscene bonuses or big fat obscene golden parachutes while the American public is left to pick up the pieces.

Most people that go bankrupt now are basically indentured servants to banks. The Bankruptcy Act passed a few years back made it very hard to go bankrupt and start fresh. Instead if you now go belly up, you'll likely stay that way for a good long while.

- Advertisement -
The President and Congress should have changed our present bankruptcy system of indentured servitude back to the more realistic and helpful "fresh start" approach. Instead they recently gave us some phony Credit Card Bill that does little but try to protect the Credit Card Companies from massive public anger and outrage over their abuses.

A recent study found that bankruptcies are really not due to people living it up in Hawaii and buying a Mercedes Benz. Rather, according to the study, 60% of people that go bankrupt are brought down by medical bills. Also, bankruptcies due to medical bills have risen 50% in just 6 years.

Moreover, what is interesting in the stats of the recent study is that three quarters of those that went bankrupt over medical bills had medical insurance.

- Advertisement -
So unless America gets a real health insurance plan that actually covers medical expenses, like a single payer program (medicare for everyone), then corporate America is just back to playing games with the lives and finances of the American people.

To get rich by ripping off the suffering somehow doesn't seem right to me. Well maybe I am just a bleeding heart do gooder.

I guess people like me used to be called "commie libs," but now most Americans realize that we were just sounding the warnings.

So here is a big fat warning: AMERICANS NEED REAL HEALTH CARE THAT COVERS EVERYONE AND IS TAKEN OUT OF THE HANDS OF PRIVATE INSURERS AND PLACED INTO THE HANDS OF THE FEDERAL GOVERNMENT, WHERE IT BELONGS.

The continued corporate control of our public health care system will only bring further suffering and economic hardship for the American people.


Read More Details on the Recent Study at CNN.com

- Advertisement -

 

- Advertisement -

View Ratings | Rate It

opednews.com

I am a progressive.

Douglas g Social Media Pages: Facebook page url on login Profile not filled in       Twitter page url on login Profile not filled in       Linkedin page url on login Profile not filled in       Instagram page url on login Profile not filled in

Go To Commenting
The views expressed herein are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.
Writers Guidelines
Related Topic(s): ; ; , Add Tags
Contact AuthorContact Author Contact EditorContact Editor Author PageView Authors' Articles
Support OpEdNews

OpEdNews depends upon can't survive without your help.

If you value this article and the work of OpEdNews, please either Donate or Purchase a premium membership.

STAY IN THE KNOW
If you've enjoyed this, sign up for our daily or weekly newsletter to get lots of great progressive content.
Daily Weekly     OpEdNews Newsletter
Name
Email
   (Opens new browser window)
 

Most Popular Articles by this Author:     (View All Most Popular Articles by this Author)

Whatever Happened to Nazi Synthetic Gas and Oil Technology? Scarcity Scams Examined

Death Panels Already Exist, They are Called Corporate Health Insurance Bureaucrats

The Most Important Development of the 20th Century: "The Coming of Buddhism to the West"

Why I Appreciate Atheists

American Southwest Geoglyphs--a Message to Ancient UFO Visitors?

Hannity's Hoaxes: The Uncharitable Scamming of the Gullible