By Ethan Huff
Even with Obamacare in full swing, hundreds of thousands of AmericansÂ every single yearÂ face total financial ruin from sky-high medical bills,Â a shocking new study has found.
Despite the fact that more Americans than ever are now â€œcovered by health insurance,â€ research has determined that â€œabout 530,000 families each year are financially ruined by medical bills and sicknessâ€ â€“ and the vast majority of these families have health insurance.
Another disturbing tidbit uncovered by the study is the fact that the number one cause of bankruptcies in the United States is medical bills, as they account for an astoundingÂ two-thirdsÂ of all accounted-for bankruptcies.
â€œThese days, most health insurance policies closely resemble Swiss cheese because they are so full of loopholes, and health insurance companies have become masters at finding ways to wiggle off the hook,â€ explainsÂ Zero Hedge.
â€œSo every year hundreds of thousands of American families find themselves facing huge medical bills that they did not expect to be paying, and as a result, medical expenses are the primary factor in 66.5 percent of all personal bankruptcy filings in the United States.â€
Piggybacking onÂ an earlier studyÂ that arrived at similar conclusions, this latest paper is truly an eye-opener as to the unsustainable nature of modern health care.
Rather than develop real solutions to help people become healthier and more financially stable, modern health care â€“ and more precisely, the Big Pharma pill and vaccine machine â€“ is making people sicker while sucking them dry of their hard-earned income and wealth.
Not only that but socialized medicine schemes like Obamacare, which were touted as providing more coverage for cheaper, are actually making thingsÂ worseÂ than they were prior to their implementation.
â€œThe current study found no evidence that the ACA reduced the proportion of bankruptcies driven by medical problems: 65.5% of debtors cited a medical contributor to their bankruptcy in the period prior to the ACAâ€™s implementation as compared to 67.5% in the three years after the law came into effect,â€ this new study found.
â€œThe responses also did not differ depending on whether the respondent resided in a state that had accepted ACAâ€™s Medicaid expansion.â€
So often when Leftists are whining about â€œhealth care coverage,â€ the subject of their gripes is â€œthe poor,â€ whom they see as its biggest victim. But the truth is that itâ€™s actually the middle class thatâ€™s suffering the most within this current paradigm of pay-for-play drugs and surgery.
As revealed in the new study, bankruptcy is most common among middle-class Americans, â€œwho have faced increasing copayments and deductibles in recent years despite the ACA (Affordable Care Act),â€ the paper explains.
â€œThe poor, who were most helped by the ACA, less frequently seek formal bankruptcy relief because they have few assets (such as a home) to protect and face particular difficulty in securing the legal help needed to navigate formal bankruptcy proceedings.â€
In truth, Americaâ€™s system of â€œhealth care,â€ if you can even call it that, is actually a multi-trillionÂ dollar money-making scam thatâ€™s wiping people out of house and home. Itâ€™s about enriching the Big Pharma overlords at the expense of families that are simply trying to make a living and survive.
â€œUnless youâ€™re Bill Gates, youâ€™re just one serious illness away from bankruptcy,â€ warns Dr. David Himmelstein, the studyâ€™s lead author, and a Distinguished Professor atÂ City University of New Yorkâ€™s (CUNY) Hunter CollegeÂ and a lecturer atÂ Harvard Medical School.
â€œFor middle-class Americans, health insurance offers little protection.â€
A version of this story first appeared at NewsTarget.
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