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Wednesday, October 29, 2008

The Real Credit Crunch?

Could our ongoing Healthcare Catastrophe also be at the root of a credit crunch? What happens to the credit access of families that have to declare bankruptcy, because of the lack of a single-payor system?

February 3, 2005
Illness and medical bills caused half of the 1,458,000 personal bankruptcies in 2001, according to a study published by the journal Health Affairs.

The study estimates that medical bankruptcies affect about 2 million Americans annually -- counting debtors and their dependents, including about 700,000 children ...