The health care system in the United States is broken. About half of all bankruptcies are declared because of insurmountable medical bills, and the large number, about 75% of them had health insurance when the problems began.

Medical bankruptcy is not a problem of the poor or the middle or upper class. It is a problem for the middle class and lower middle class - people who work hard, do their best to pay their bills and their families.

Everything you need is a major illness or accident and even if they have health insurance, they may owe many thousands of dollars in medical bills. If the accident or illness caused them to lose their jobs, and thus their health insurance, their medical bills may be hundreds of thousands of dollars.

There are two main reasons for the great upsurge in medical bankruptcies:

The first reason is that health care costs rising at an alarming rate - about twice the inflation rate. Insurance premiums up, and the insurance goes. Prescription drugs are out of control.

The second reason for the huge rise in medical bankruptcies is that employers are interested in a larger and larger part of the cost of health insurance and for their employees. Most large employers have switched on the health insurance of employees benefit from comprehensive reporting packages, which for almost everything and has a small deductible for a limited range of policies with high deductibles. The cost of insurance to employees have gone along way, while the benefits are down.

The insurance companies are very good. The health of their bottom line has never been better. The middle and lower middle class families find themselves in a financial crisis. Until something happens to the cost of health care and in the reign of the insurance company, you can assume that more and more medical bankruptcies.

Milos Pesic is a Debt Management consultant who runs a highly popular and comprehensive Debt Consolidation web site. Other articles and resources on debt management, debt consolidation programs, free debt counseling and much more on his website at:

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