Health Insurance and Bankruptcy Rates in Canada and the United States
In a recent update to a previous study, Himmelstein et al (2009) concluded that in 2007, uninsured medical expenses or loss of income due to illness caused nearly two-thirds (62.1 percent) of all non-business bankruptcies in the United States. The authors blame this on America's pluralistic health insurance system. The authors are well-known proponents of Canada's government-run medical insurance system.
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