Avoiding Medical Bankruptcies

Studies show most Americans are one major illness or injury away from bankruptcy. Illness and medical bills cause half of the nation’s personal bankruptcies, according to a study in the journal, Health Affairs. If you count both debtors and their dependents, medical bankruptcies impact 2 million Americans each year, including 700,000 children.

One reason for this high number of medical bankruptcies is the standard health insurance policy, which often features a high deductible, co-pay and exclusions that offer little protection if you become seriously ill from a defective product or suffer a catastrophic head, spine or burn injury in an accident.

Even with a good health insurance policy, a person who is sick or injured may lose income from being out of work and incur other expenses that become too much to handle.

If you are not at fault for your illness or injury, then another person or company should be held responsible for your medical expenses and other bills. In some cases, the statute of limitations may limit the time in which you can file a lawsuit to recover your damages, so you should act promptly in contacting a lawyer who can review your case.

For a free consultation regarding your legal concerns, contact Munley, Munley & Cartwright today for a free consultation or call us toll free at 877-421-9173.

At Munley, Munley & Cartwright, our Scranton personal injury attorneys have represented clients in PA personal injury claims for more than 40 years. We know the price victims and their families pay when a serious personal injury or illness takes place, and we will work hard to ensure your family avoids the medical bankruptcies that are affecting so many Americans. With our dedication to excellence, resources and experience, we have recovered millions of dollars of compensation for clients throughout Pennsylvania.