Everyone knows that getting medical care for a serious illness or injury is expensive. But until it happens to you, you may not realize just how much medical bills can overwhelm a family through no fault of their own. Especially if you don’t have health insurance.
This has been a major part of the U.S.’s debt problem for years. But the pandemic made it worse. Though most patients experienced fairly mild symptoms, millions required hospitalization. Fortunately, the majority of those most sickened survived. But now the bills are coming due, often in the hundreds of thousands or millions of dollars.
The cycle of medical treatment and debt in South Carolina
Patients who cannot afford their medical bills may have put them on their credit cards. Once those were maxed out, many people had to stop going to the doctor — because they cannot afford it. Even if they have insurance, the insurance company might refuse to pay a large portion of the bills. Meanwhile, many patients are left with long-term symptoms that make it difficult or impossible to earn a living.
Bankruptcy can help
If you and your family are in this situation due to a life-threatening illness, you might be considering bankruptcy. Filing for Chapter 7 or Chapter 13 bankruptcy also puts a stop to harassing phone calls and letters from collection agencies, restoring peace of mind to you and your loved ones. Bankruptcy gives you time to work out a solution, either through manageable monthly payments or liquidation of the debt, that fits your situation.