Banking service chronicle

Banking service chronicle

Banking service chronicle Monthly Magazine by bsc academy-subscribe published this article page no 1 the number-one question people ask us is what possessed you to move to mexico the number-one answer we give is that we simply could no longer afford to live in america so we found a country where we could and moved there. we found ourselves in a position not unlike many americans a major illness strikes unexpectedly and though insured and with incomes the cost of funding the illness simply becomes too much. it becomes essentially impossible. we were not alone. it turns out that more than 50% of bankruptcies filed in 2001 were medically related and were filed by middle-class homeowners who not only had an income but also health insurance. the prevailing myth that most bankruptcies are due to credit card debt is not true. less than 1% of filed bankruptcies are due to credit card debt. researchers found that in those surveyed 1.9 to 2.2 million u.s. residents filed a medical bankruptcy. the average person filing for bankruptcy during the 2001 period spent $13460 on co-payments deductibles and uncovered services even though they had private insurance. our study is frightening. unless youre bill gates youre just one serious illness away from bankruptcy. most of the medically bankrupt were average americans who happened to get sick banking service chronicle monthly magazine buy. 

Banking service chronicle