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Many face overwhelming debt due to medical bills in Texas

Health care has been a topic of debate in the country for at least the last several years. This has been a pressing concern because medical bills have been a significant cause of overwhelming debt for consumers in Texas and elsewhere. Medical debt has forced many individuals to take extreme measures to survive when faced with a serious medical crisis. In many cases, people have been forced to live with pain and sickness and some have elected the protection of bankruptcy as a responsible solution.

One man who had been diagnosed with cancer has had to deal with financial hardship due to the high cost of medical care for his condition. He was prescribed medication to help him with nausea and vomiting associated with chemotherapy required to treat his cancer. His health insurance company paid for $900 out of the $1,200 required to pay for the anti-nausea medication. However, he was still not able to afford to pay for the co-payment and was forced to go without the mediation.

Medicare is one option which people have turned to in order to help with paying for the medicine which they need. However, the assistance program has many requirements for cost-sharing which many consumers cannot afford, especially during a slow recovery following the recent recession. Half of the people receiving help from Medicare live on less than $22,000 per year. This can be challenging for many since approximately 45 percent of Medicare beneficiaries suffer from chronic illnesses.

It is unfortunate that the healthcare system in Texas and other states is not able to provide affordable medical care for every single person. However, if one is facing overwhelming debt due to medical bills, there are options available. Filing bankruptcy may be able to provide much needed debt relief for some people. As long as, one follows the proper legal procedure to do so, petitioning for bankruptcy may be a good option.

Source: ABC 13, "High medical bills driving some Americans to extreme measures," Karen Pallarito, Jan. 18, 2013

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