Almost 66% of all bankruptcies in the United States had a medical cause. 75% had medical insurance. 1
While health insurance pays for medical services after deductibles, co-insurance and copay fees are met, hospital insurance pays the policyholder if they are hospitalized.
How it Works
[1] American Journal of Medicine https://www.amjmed.com/article/S0002-9343(09)00404-5/fulltext