Sunday, February 13, 2005

Capitalism, Health Insurance & Bankruptcy

So, you have health insurance and a job and you’re doing all right… well, so did 50% of those who filed for bankruptcy in 2004. As if that wasn’t enough to scare you think about this:

• There are more bankruptcies each year than divorces
• Every 30 seconds someone files
• 4 million people filed last year
• 2 million of them had a decent job, were considered middle-class, owned a home, and had health insurance

To compound the issue there’s legislation in Congress which aims at making it harder to file. Thank God you have George Bush, the compassionate conservative, to watch your back. Just look at the great Medicare deal he gave seniors.
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