The Affordable Care Act Drove Down Personal Bankruptcies
Medical bills are a leading cause of people filing for bankruptcy in Ohio, but the situation has improved since the adoption of the Affordable Care Act (ACA). Since the act went into effect and expanded public healthcare coverage, fewer Americans have taken the step of filing for personal bankruptcy. Filings have dropped about 50 percent, from 1,536,799 in 2010 to 770,846 in 2016. Unlike other causes of debt, medical bills are often unexpected, involuntary, and large. Even people who hav... CONTINUE READING