Approximately half of people experiencing economic ruin in recent years are a direct result of medical problems and most of those people were covered by health insurance at the start of the illness. Medically related impoverishment involves more than 2 million annually. Often, the destructive illness led to job loss and therefore a loss of health insurance. As a result, one-third of those with private health insurance lost coverage by the time they lost everything else, too and needed to hire an Oklahoma City bankruptcy attorney. Researchers found that illness and medical bills were responsible for over fifty percent of those experiencing total financial ruin. When they have lost everything to paying off medical bills, who can afford to get the advice they need from an Oklahoma City bankruptcy lawyer?
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Researchers concluded that a new approach to health reform is necessary. Health insurance cannot offer much protection for families when a serious illness brings with it co-payments, insanely high deductibles and bills for uncovered items like physical therapy and prescription drugs. Filing Chapter 13 is often the last resort for families to pick up the pieces and try to start their lives over.
Surely anyone in this country can appreciate just how fatally flawed the conventional health care system truly is. For the majority of the U.S. population, there is no good reason that health care should be as expensive as it is today. Aside from the rare situation where intensive costly intervention is required, most of us absolutely do not need to rely on expensive medications to treat chronic illnesses.
Some of the astonishing truths that the researchers uncovered are that 75 percent of the families who became impoverished had health insurance and about one-third had eventually lost their coverage by the time they had filed for Chapter 13. People who were slammed with the highest out-of-pocket costs were those who had medical coverage but lost it during the course of their illness. A government-funded, socialistic health care system may not be the answer, but patients, doctors, hospitals and insurance must start communicating and work out a compromise so that the needs of everyone involved are met.
Many are convinced that most of this financial devastation could have been avoided if conventional health care focused on treatments that actually address the cause of disease rather than prescribing and administering expensive, toxic and unnecessary cures. It is evident to us all that even if you have substantial health coverage, there is absolutely no guarantee that your finances will be protected should you come down with a serious illness. It cannot be stressed strongly enough that taking responsibility for your own health is one of the most important actions you can take today to protect not only your physical health but also your very financial security. We might do our best to speak out to our government and protect and improve our current state of health by becoming educated in how to live a healthy lifestyle. The keys are to eat natural foods, drink clean water, and get enough exercise and plenty of sleep every day.
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