• Corpus ID: 142650509

Medical Debt as a Cause of Consumer Bankruptcy

@article{Austin2014MedicalDA,
  title={Medical Debt as a Cause of Consumer Bankruptcy},
  author={Daniel A. Austin},
  journal={Empirical Studies eJournal},
  year={2014}
}
  • D. A. Austin
  • Published 2014
  • Business
  • Empirical Studies eJournal
In his 2009 State of the Union Address, President Barack Obama pleaded with Americans to support healthcare reform, stating, “This is a cost that now causes a bankruptcy in America every thirty seconds.” That jaw-dropping statistic was based on a study co-authored by Senator Elizabeth Warren (D. Mass.) (then a professor at Harvard Law School), which concluded that 62.1% of consumer bankruptcies are medical bankruptcies. The figure has been widely cited by lawmakers, academics, and the media in… 

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Millions Struggling with Medical Debt