Matches in SemOpenAlex for { <https://semopenalex.org/work/W1567298350> ?p ?o ?g. }
Showing items 1 to 65 of
65
with 100 items per page.
- W1567298350 abstract "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 support of expanded government healthcare. Recently, Senator Warren co-sponsored legislation to create a new category of those filing for bankruptcy: the “medically distressed debtor,” who would be exempt from stringent bankruptcy filing requirements. On the other side, commentators and lawmakers who oppose greater government involvement in healthcare have disputed the study’s findings. The issue of medical bankruptcies continues to be a focal point in the healthcare debate.Several other studies have examined medical debt in bankruptcy. Using a variety of methods, these studies have alternatively sought to support the Warren study, refute it, or replace it as the authoritative source on medical bankruptcies. The studies have produced a wide range of estimates for medical debt, feeding opposite positions in the debate over healthcare policy.This study seeks to close that gap by drawing upon medical debt and other data from consumer bankruptcy cases filed in 2013 and responses to a nationwide survey of recent bankruptcy filers. The data adduced in this study shows that medical bills are the single largest causal factor in consumer bankruptcy — but not to the degree found in the study cited by President Obama. My study concludes that medical debt is the predominant casual factor in 18% to 26% of all consumer bankruptcies.It is important to stress that in most cases, no single element can be cited as the “cause” of the bankruptcy. The decision to file bankruptcy is typically the product of factors such as long-time financial patterns, family and lifestyle decisions, job loss and sudden adverse events, advice from others, and, ultimately, the individual debtor’s perception of the value and utility of filing bankruptcy. Accordingly, the purpose of this article is not to establish a bright line definition of “medical bankruptcies,” but rather to look at medical debt as a causal factor of consumer bankruptcy." @default.
- W1567298350 created "2016-06-24" @default.
- W1567298350 creator A5049731909 @default.
- W1567298350 date "2014-01-01" @default.
- W1567298350 modified "2023-09-28" @default.
- W1567298350 title "Medical Debt as a Cause of Consumer Bankruptcy" @default.
- W1567298350 hasPublicationYear "2014" @default.
- W1567298350 type Work @default.
- W1567298350 sameAs 1567298350 @default.
- W1567298350 citedByCount "0" @default.
- W1567298350 crossrefType "posted-content" @default.
- W1567298350 hasAuthorship W1567298350A5049731909 @default.
- W1567298350 hasConcept C10138342 @default.
- W1567298350 hasConcept C120527767 @default.
- W1567298350 hasConcept C138885662 @default.
- W1567298350 hasConcept C144133560 @default.
- W1567298350 hasConcept C159091798 @default.
- W1567298350 hasConcept C160735492 @default.
- W1567298350 hasConcept C17744445 @default.
- W1567298350 hasConcept C199539241 @default.
- W1567298350 hasConcept C2777351106 @default.
- W1567298350 hasConcept C2778137410 @default.
- W1567298350 hasConcept C2780414751 @default.
- W1567298350 hasConcept C41895202 @default.
- W1567298350 hasConcept C504631918 @default.
- W1567298350 hasConceptScore W1567298350C10138342 @default.
- W1567298350 hasConceptScore W1567298350C120527767 @default.
- W1567298350 hasConceptScore W1567298350C138885662 @default.
- W1567298350 hasConceptScore W1567298350C144133560 @default.
- W1567298350 hasConceptScore W1567298350C159091798 @default.
- W1567298350 hasConceptScore W1567298350C160735492 @default.
- W1567298350 hasConceptScore W1567298350C17744445 @default.
- W1567298350 hasConceptScore W1567298350C199539241 @default.
- W1567298350 hasConceptScore W1567298350C2777351106 @default.
- W1567298350 hasConceptScore W1567298350C2778137410 @default.
- W1567298350 hasConceptScore W1567298350C2780414751 @default.
- W1567298350 hasConceptScore W1567298350C41895202 @default.
- W1567298350 hasConceptScore W1567298350C504631918 @default.
- W1567298350 hasLocation W15672983501 @default.
- W1567298350 hasOpenAccess W1567298350 @default.
- W1567298350 hasPrimaryLocation W15672983501 @default.
- W1567298350 hasRelatedWork W108187860 @default.
- W1567298350 hasRelatedWork W1513926600 @default.
- W1567298350 hasRelatedWork W1601107799 @default.
- W1567298350 hasRelatedWork W1617504775 @default.
- W1567298350 hasRelatedWork W163381005 @default.
- W1567298350 hasRelatedWork W1998811848 @default.
- W1567298350 hasRelatedWork W2061330540 @default.
- W1567298350 hasRelatedWork W208918407 @default.
- W1567298350 hasRelatedWork W2160729556 @default.
- W1567298350 hasRelatedWork W2408928988 @default.
- W1567298350 hasRelatedWork W2517095180 @default.
- W1567298350 hasRelatedWork W266597532 @default.
- W1567298350 hasRelatedWork W2891943897 @default.
- W1567298350 hasRelatedWork W3022602857 @default.
- W1567298350 hasRelatedWork W3122093389 @default.
- W1567298350 hasRelatedWork W3124038144 @default.
- W1567298350 hasRelatedWork W3124345198 @default.
- W1567298350 hasRelatedWork W3124671719 @default.
- W1567298350 hasRelatedWork W3194581017 @default.
- W1567298350 hasRelatedWork W80918641 @default.
- W1567298350 isParatext "false" @default.
- W1567298350 isRetracted "false" @default.
- W1567298350 magId "1567298350" @default.
- W1567298350 workType "article" @default.