September 15th, 2009 by Reed Allmand 
According to an article in the Dallas Morning News, the most recent U.S. Census Bureau figures states that Texas leads the nation in the percentage of residents without health insurance. More than 1 out of every 4 Texans are without health insurance, a total of 6 million residents and Texas leads the nation in the numbers of children who go without health insurance.
The article said:
“…Texas had the nation’s highest percentage of children under 18 without coverage – 17.9 percent. Nationwide, the percentage was 9.9 percent.”
Lack of health insurance is one of the leading causes of bankruptcy. Medical debt is an outcome that most uninsured individuals simply cannot avoid. Medical procedures for even the simplest problems such as a broken bone or food poisoning can quickly snowball into an avalanche of medical debt priced in the tens of thousands of dollars. According to leading analysts the vast majority of debtors who file bankruptcy cite medical debt as one of the main causes of their financial trouble. Fortunately for debtors who file bankruptcy medical debt can be completely discharged in a Chapter 7 bankruptcy or repaid under reasonable terms in a Chapter 13 bankruptcy.
(source: http://www.dallasnews.com)
About Reed Allmand
Allmand's vision is rooted in his own financially precarious childhood in Abilene "My father always had difficulty holding a job and supporting our family, so after my parents divorced when I was 12, my sister and I got jobs to help make ends meet," he recalls. "I remember what it felt like as a child to worry that our car would be repossessed or home foreclosed on."
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