Middle Class Bankruptcies

By: CBS News Email
By: CBS News Email

According to a new report, medical bills are to blame for most middle class bankruptcies.
In 2007, medical problems and expenses contributed to nearly two-thirds of all bankruptcies in the U.S.
More than 75% of bankrupt families had health insurance but still were overwhelmed by their medical bills.
Researchers say the findings demonstrate that healthcare reform is on the wrong track.


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