62.1% of bankruptcies in the US are due to medical bills. Most medical debtors were well educated and middle class; three quarters had health insurance. Unaffordable medical bills and income shortfalls due to illness were common causes.
62% of bankruptcies in the US are due to medical bills. Almost 4/5ths of these people HAD health insurance but went bankrupted anyway because of co-payments, deductibles and uncovered services. Others got so sick that they lost their job and then lost their insurance.
60 % of former NBA players and 78% of NFL athletes go bankrupt within a few years of retirement.