If you or someone you know needs help paying hospital bills, please know that you’re not alone.
Medical Bankruptcy Findings
As recently as 1981, only 8% of families filing for bankruptcy did so in the wake of a serious medical condition. However, a 2001 study discovered that medical and hospital bills contributed to nearly 50% of all bankruptcy filings.
Today, the American Journal of Medicine pegs this number at 62% and potentially even higher. Perhaps most surprisingly, 75% of medical debtors who have filed for bankruptcy reported that they had health insurance. The following table shares the specific demographics of bankruptcy filers who took part in the study.
Our Fundraising Pages Can Help
We started GiveForward to help alleviate the financial and emotional woes that too result from a hospital stay or medical condition. GiveForward is the #1 online fundraising platform for those who need help paying hospital bills and medical expenses. And, our fundraising pages are completely free to set up.
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Learn more on how to receive Help with Medical Bills