August 12, 2008
Too Young for Medicare? Tough Luck, Sucker.

One of my sons is a bankruptcy lawyer. What brings most clients to him are medical bills. His experience is not unusual but typical. Harvard Law School professor Elizabeth Warren collected the statistics and learned that health emergencies cause half of all personal bankruptcies. (H/T to Avedon at The Sideshow.)

What, me worry? We’re covered. We’ve got health insurance. Oh, yeah? Good luck with that, buddy. Professor Warren’s got those numbers too. Seventy-five percent — three out of four — of Americans driven into bankruptcy by medical bills were just like you. Which is to say, insured.

Professor Warren’s conclusion::

“Anyone shy of the multimillionaires is just. not. safe.”




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Posted by Jerome Doolittle at August 12, 2008 08:48 PM
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If the Democrats could pull of making health care available to everyone at low or no cost, they could create the social security of our time and would endear a generation of of people who would forever vote Democratic. I don't know if there would be a permanent Democratic majority, but they would enjoy a run for at least as long as FDR's. But do you think this Democratic party would be smart enough to pull it off? I doubt it.

Posted by: Buck on August 13, 2008 10:49 AM
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