Articles Tagged with medical debt

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Bankruptcy Lawyer Bryan W. Stone answers the question: “What are my alternatives to bankruptcy?”

Anyone who follows the news even a little bit has likely run across an article discussing either the merits or failings of the Affordable Care Act. Some blame the measure (also referred to as “Obamacare”) for rapidly rising health care costs. Others say the ACA should be heralded for bringing affordable health care coverage to millions of Americans. Though Republicans have now taken a concrete step to move closer to repealing and replacing the ACA, the Senate remains an obstacle and the fate of the Act is uncertain.

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Bankruptcy Lawyer Bryan W. Stone answers the question: “What are my alternatives to bankruptcy?”

Last Week Tonight host John Oliver recently made headlines when he forgave nearly $15 million in medical debt for roughly 9,000 individuals in the “largest one-time giveaway in [TV] history.”

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Bankruptcy Lawyer Bryan W. Stone answers the question “Do I need an attorney to file bankruptcy?”

One of leading causes of bankruptcy has long been medical debt. The high cost of healthcare in this country is widely understood and, should a medical emergency arise, it can be difficult if not impossible to recover financially. Though experts have long seen the connection between medical bills and bankruptcy, many were under the impression that the Affordable Care Act would lead to big changes, that by providing health insurance coverage to the uninsured, financial stress from medical expenses would be greatly reduced. Unfortunately for millions of Americans, that appears not to be the case.