Reply #5: Most bankruptcy filings are because of medical bills and most [View All]

[Vinca]

of these are people WITH insurance. The average policy covers about 80% of the tab AFTER any deductible is met. Throw a serious illness or injury into the mix and 20% of hundreds of thousands of dollars is what you owe. I haven't read the Massachusetts "no fault" insurance law and I'm wondering if that is taken into account. "Mandatory" insurance means Jack Squat if it only covers a portion of an illness. Quite frankly, any "universal coverage" that keeps the insurance companies involved smacks of more corporate pandering.