1.05 would be every 30 seconds. 1.1 in 2008.
That would have to be near 98%
You don't think that's a stretch?

On Fri, Mar 6, 2009 at 11:11 AM, Judah McAuley <[email protected]> wrote:
>
> That's a good point. 1.1 million bankruptcies would translate into one
> every 30 seconds (roughly) but not all of them are for medical bills.
> The bankruptcy rules have changed significantly since 2001, reducing
> the ability of individuals to claim bankruptcy protection. If the 54%
> figure held that would be a medical related bankruptcy every one
> minute, not 30 seconds. On the other hand given the rise in health
> care costs, the decreasing coverage provided by employers and the
> difficulty in filing for bankruptcy I wouldn't be suprised if the
> percent of personal bankruptcies due to medical bills was much higher
> than in the past, which would bring the figure down closer to one
> every 30 seconds.
>
> Regardless of how you slice and dice the numbers and make
> suppositions, the low figure would be 1 every 2 minutes and it very
> well might be 1 every 30 seconds, though I would suspect not. The data
> provided does not say one way or another however.
>
> Judah

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