Medical bills lead to about 60 percent of all personal bankruptcy filings. That's a stat that's been repeated so much that it's become a throwaway line in healthcare finance coverage. That is, until you think about the true cause and effect: Millions of Americans can't buy a new car or a new house or have huge impediments starting new businesses because they or a loved one was sick or injured, and even their insurance couldn't indemnify them.
The Obama administration is finally getting tough with states that refuse to expand Medicaid eligibility under the Affordable Care Act. It is a welcome sight to behold.