While it is true that most of the foreclosures happening in the United States were caused by substandard mortgages, and/or the fact that many people have lost their jobs and can no longer make payments, there is also another reason for the foreclosure rate. Many people have filed for bankruptcy due to medical bills piling up.
This happens when the insurance company does not pay for the cost of care which has been rendered, and the patient simply can’t pay the bill and has no choice but to file for bankruptcy, and in doing so they often end up losing their home along with all their other financial problems. Continue reading ‘Medical Bankruptcies Continue to Surge Amidst the ObamaCare Proposal’ »