As most people know, it can be expensive to be sick these days and many times paying off medical bills can lead to all sorts of financial problems.
In fact, 60% of bankruptcies in the United States are the result of high medical bills, according to findings released by BestHealthcareMBA.com.
The report shows that three-fourths of those bankruptcies that were associated with medical bills are filed by folks who have health insurance through their jobs or through other sources -- not the uninsured millions you might expect.
To give you an idea of what Americans are spending to be well these days, $1 out of every $6 is spent on healthcare, the report shows, and in 2012 the total amount spent by U.S. residents on healthcare was $2.8 trillion dollars. By 2016, that number is expected to swell to $3.5 trillion.
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