• Corpus ID: 142650509

Medical Debt as a Cause of Consumer Bankruptcy

  title={Medical Debt as a Cause of Consumer Bankruptcy},
  author={Daniel A. Austin},
  journal={Empirical Studies eJournal},
  • 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… 

Towards a Working Profile of Medical Bankruptcy

This study uses data drawn from the U.S. Bankruptcy Court’s Eastern Washington District to create an empirical profile of bankruptcy petitioners with medical debt and identifies those characteristics statistically associated with being “at-risk” of a medical bankruptcy to better understand and define medical bankruptcy.

Macroeconomic Implications of the Affordable Care Act in an Economy with Endogenous Health and Consumer Bankruptcy ( Job Market Paper )

I quantitatively explore the macroeconomic and welfare consequences of the Affordable Care Act (ACA), and examine the role of consumer bankruptcy in predicting its welfare implication. I develop a

How the Politics of Big Pharma Is Undermining COVID-19 Public Health Policy in Canada

Canadian pharmaceutical policy is extremely corporate friendly and has been so for decades, leading to both a predictably rocky vaccine effort and to the continuing failure by the government to guarantee equitable access to medically necessary drugs, prior to, during, and beyond the COVID-19 pandemic.

Public Health Insurance and Household Portfolio Choices: Unraveling Financial “Side Effects” of Medicare

It is tested whether universal health insurance, like Medicare for over-65 Americans, shields against this risk promoting stockholding, which is primarily experienced by households without private health insurance over the observation period.

Macroeconomic and health care aspects of the coronavirus epidemic: EU, US and global perspectives

  • P. Welfens
  • Economics
    International Economics and Economic Policy
  • 2020
The novel coronavirus (COVID-19) epidemic represents a major challenge for the world economy. While a detailed longer-term diffusion path of the new virus cannot be anticipated for individual

Landfall After the Perfect Storm: Cohort Differences in the Relationship Between Debt and Risk of Heart Attack.

The relationship between debt and heart attack varies by level and form of debt across cohorts but distinguishes Baby Boomer cohorts based on their diverse exposures to volatile housing market conditions over the sensitive household formation period of the life course.

National Trends in Statin Use and Expenditures in the US Adult Population From 2002 to 2013: Insights From the Medical Expenditure Panel Survey

Statin use increased substantially in the last decade among US adults, although the uptake was suboptimal in high-risk groups, and further substitution of brand-name to generic statins may yield more savings.

Experiences of Parents With Chronically Ill Children Regarding the Affordable Care Act

Findings may assist health care providers, insurance companies, legislators, and other policymakers to develop appropriate health care policies and interventions to lessen the financial burden experienced by parents of chronically ill children.



State Mandated Disability Insurance as Salve to the Consumer Bankruptcy Imbroglio

The case for state mandated disability insurance is presented as a solution for combating the rising number of consumer bankruptcies and statistical evidence demonstrating that states mandating disability insurance for most workers have on average a lower per capita bankruptcy rate than the national average is provided.

Washington State cancer patients found to be at greater risk for bankruptcy than people without a cancer diagnosis.

Findings suggest that employers and governments may have a policy role to play in creating programs and incentives that could help people cover expenses in the first year following a cancer diagnosis and that Medicare and Social Security may mitigate bankruptcy risk for the older group.

Get Sick, Get Out: The Medical Causes of Home Mortgage Foreclosures

A legal proposal for staying foreclosure proceedings during verifiable medical crises is presented, as a way to protect homeowners and to minimize the negative externalities of foreclosure.

Consumer Over-Indebtedness: A U.S. Perspective

This article discusses overall consumer over-indebtedness, with a focus on credit card and mortgage debt, in the United States and contrasts the US approach to over-indebtedness to the approaches

Problems Paying Medical Bills: Early Release of Estimates From the National Health Interview Survey, January 2011-June 2012

• The percentage of persons under age 65 who were in families having problems paying medical bills decreased from 21.7% (57.8 million) in the first 6 months of 2011 to 20.3% (54.2 million) in the

A debt of an individual debtor is excepted from discharge if it is "neither listed nor scheduled . . . with the name, if known to the debtor, of the creditor to whom such debt is owed

  • Id. §

Report of Statistics Required by the Bankruptcy Abuse Prevention and Consumer Protection Act of

  • Insuring the Future: Current Trends in Health Coverage and the Effects of Implementing the Affordable Care Act, THE COMMONWEALTH FUND 9
  • 2005

Home equity loans are also used for credit consolidation, consumer purchases, investments, education, vacations, second homes, cars, boats, recreational vehicles, and the other sundry

  • Four Uses for Home-Equity Loans, REALTOR.COM
  • 2014

Millions Struggling with Medical Debt