• Corpus ID: 6292482

Reducing Medical Bankruptcy Through Crowdfunding: Evidence from GiveForward

  title={Reducing Medical Bankruptcy Through Crowdfunding: Evidence from GiveForward},
  author={Gordon Burtch and Jason Chan},
An estimated 62% of individual bankruptcy filings in the United States were a direct result of costs borne from medical treatment following illness or injury. We consider the potential of online crowdfunding to alleviate the issue, wherein patients reach out to their social network for monetary support to help cover medical bills. We examine the effect of medical crowdfunding using proprietary data from one of the largest medical crowdfunding platforms, GiveForward.com, combined with state… 

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