• Medical bankruptcies continue in Massachusetts

    From Kay Lazar, in today’s Boston Globe:

    The 2006 Massachusetts law that required nearly everyone to buy health insurance has not significantly staunched residents’ pain from medical bankruptcies, according to a new study.

    A survey of Massachusetts residents who filed for bankruptcy in July 2009 found that 53 percent cited a medical cause, down from 59 percent who blamed a medical cause in a survey done in early 2007, before the state law had been fully implemented. But because of the small number of people surveyed, the difference was not statistically significant, according to the study in today’s American Journal of Medicine.

    I have not read the study yet. A few other things have happened to affect people’s income and wealth so I will be looking for controls for those.

     

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