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Reform Bankruptcy Laws To Cover Health Care Costs |
"We'll make sure that if you can demonstrate that you went bankrupt because of medical expenses, then you can relieve that debt and get back on your feet."
-- Janesville, Wis.
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MARCH 23, 2010
Committment To Bankruptcy Prevention
The findings portion of Section 1501 of the health care law states that half of all personal bankruptcies in the United States are caused, in part, by medical expenses. The bill asserts that the minimum essential coverage requirement will improve financial security for families. |
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MARCH 24, 2009
No Progress On Medical Provision
While Congress has continued to consider legislation aimed at financially strapped homeowners (subscription), a special provision related to medical costs has not been on the docket. |
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FEBRUARY 17, 2009
Stimulus Passes Without Medical Bankruptcy Provision
The bankruptcy provision was not part of the final stimulus package [PDF] signed by Obama. |
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JANUARY 28, 2009
No Bankruptcy Reform In House Stimulus Package
Contrary to Summers' promise, the House-approved stimulus package contained no bankruptcy reform provisions. |
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JANUARY 20, 2009
Summers Confirms Bankruptcy Reform In The Works
Lawrence Summers, Obama's nominee to head the National Economic Council, confirmed in a Jan. 15 letter to congressional leaders that bankruptcy reform would be part of the administration's Emergency Economic Stablilization plan. |
