I know, personally, the monetary impact a chronic illness can have on a family, and I'm reminded time and time again, as I see friends who have no other choice but to declare bankruptcy over medical bills. As if illness isn't enough of a burden on these families the financial strain can be devastating. I don't think most people realize the financial damage illness can cause a family or individual until it happens to them.
Even with insurance, the costs can be monumental. It just doesn't seem right to me that as a family of four we are paying $1447.00 a month for insurance. On top of that, add high deductibles that must be met, office visit co-pays, a 30% "share" until we hit the max out-of-pocket each year, doctors who are not covered by insurance, and lets not forget all the prescriptions with their separate deductibles and co-pays.
In an article from CNN Health : "This year, an estimated 1.5 million Americans will declare bankruptcy. Many people may chalk up that misfortune to overspending or a lavish lifestyle, but a new study suggests that more than 60 percent of people who go bankrupt are actually capsized by medical bills.