Half of all U.S. bankruptcies are caused by medical bills

14 Feb 2005 Comments

General

Half of all U.S. bankruptcies are caused by soaring medical bills and most people sent into debt by illness are middle-class workers with health insurance.

Health is going to be a major issue in India in 2005. My previous post in this topic talks about what Brazil did out of desperation to get out the trap in which India just went into.

Yes, I am against product patents in medicine (apart from software patents, of course). Leaving public health care access to companies with only profit-maximizing as their primary motives, and giving government granted monopoly( aka patents) to these companies, is a REALLY BAD MOVE, IMO.

(Link via Anil Dash)