Insured Or Not? Let The People Decide | Free Finance Articles

Personal bankruptcies seem to be on a rise and the number could grow higher under the new Obamacare mandates. The recession has hit many Americans hard. People struggling to cover bills have used credit cards to help. As a result, they now have created debt on high-interest cards and no longer make even minimum monthly payments. As a result, they have been declaring personal bankruptcy, which is typically a last resort. And new laws requiring that all of us carry health insurance has forced some to file a lawsuit. This article has been shared by Kaplan Attorneys. You can find Kaplan Attorneys by searching for bankruptcy attorney Boston MA.

Small business owner John Ceci has filed one of three lawsuits in which federal courts have recently ruled. The U.S. Supreme Court is actually reviewing the health-care law next week to figure out if it is constitutional.

As we all know, health care is actually very expensive in America and those who are uninsured are taking a gamble, proponents of the mandate claim. An unexpected illness or accident could result in six-figure bills during a short period of time.

Even the insured have been hit lately with unexpected out-of-network charges. The Department of Financial Services (DFS) in New York recently released an article stating that insurance companies and healthcare providers are to blame for this type of unexpected expenses, which have forced many people to apply for bankruptcy. The DFS is recommending more transparency in the explanation of charges a patient is going to be liable for so the patient will make the best decision for treatment options.

Out-of-pocket healthcare expenses are on the rise across the board. In a recent survey conducted through the National Center for Health Statistics, many Americans claimed they usually have trouble paying their medical bills. In 2010, 20 percent of American families had difficulty. In the first half of 2011, the number grew to one in three families struggling to pay their medical bills. With the rising cost of healthcare, insurers are faced with the decision of raising premiums or passing off many of the expenses to the customer. More than half of personal bankruptcies are attributed to medical bills and roughly two-thirds of Americans in this situation actually had insurance. This debunks the theory that forcing everyone to be insured helps save people from financial ruin. Experts caution that in case you are insured, be sure to know your policy inside and out and also always seek in-network care first. And while deciding on a less expensive plan might cost less money for the short-term, an unexpected medical event could leave you in a massive amount of debt in the future. Regardless, shouldn?t people be able to make the decision for themselves instead of big government deciding on their behalf?

Law Offices of Kaplan Attorneys is a professional corporation located in Stoughton, Massachusetts that provides quality legal services in the areas of Bankruptcy Law, Divorce and Family Law and Real Estate Law in most counties in the Commonwealth of Massachusetts. Tag: bankruptcy attorney Boston MA

the national defense authorization act bcs rankings miguel cotto vs antonio margarito rockefeller center art basel 2011 art basel 2011 straight no chaser