Many of us don’t like to think about it, but a lot of us are one bad, medical emergency from poverty — even if you have insurance.
What’s supposed to be there in an emergency can be easily ripped away with the stroke of one red pen. The New York Times took a look at the killer trend that’s destroying bank accounts and lives — the sagas of the underinsured.
Health insurance is supposed to offer protection — both medically and financially. But as it turns out, an estimated three-quarters of people who are pushed into personal bankruptcy by medical problems actually had insurance when they got sick or were injured.
And so, even as Washington tries to cover the tens of millions of Americans without medical insurance, many health policy experts say simply giving everyone an insurance card will not be enough to fix what is wrong with the system.
Too many other people already have coverage so meager that a medical crisis means financial calamity.
More after the jump.