Credit delinquency rates are at all-time highs according to the American Bankers Association. According to an article on Reuters, U.S. consumers are falling behind on loan payments at a faster rate than has ever been seen before. The mounting number of job losses is seen as a major reason why delinquent payments hit an all [...]
Increasingly, down-on-their-luck Americans are turning to companies who offer payday loans to make ends meet one month in the hopes that the next will be better, allowing them to pay off the amount of money they borrowed along with the interest charged by the payday lender. There's just one problem with that scenario. The sky-high [...]
As the forces on Capitol Hill continue to hash out details regarding a national plan of attack for rising health care expenses, local governments are looking to find ways of their own to help their residents cope with the current healthcare and economic crisis. CBS 11 reported today that Forest Hill will begin offering free [...]
According to an article at CNN, the credit card companies are beginning to dabble in the medical debt business and many hospitals are more than happy to join the "party." The article said: "Now with high unemployment, consumers have to reach into their pockets even more to fund their health care." Americans spend an estimated [...]
According to an article in the Dallas-Morning News, health care reform is at the top of the new administration's list of priorities. The article said: The statistics explain part of the reason for the urgency: The U.S. spent an estimated $2.4 trillion on health care in 2008, or $7,900 per person - about twice the average [...]
According to an article in the Star-Telegram, health insurance companies are offering to reduce rates for millions of women and accept close federal regulation of their industry in an effort to stop the move towards a universal healthcare plan. The article said: The industry is trying to head off creation of a government health plan [...]
According to an article in the Star-Telegram, the health insurance industry is offering to make several concessions in exchange for the government requiring all Americans to signup for private health insurance The article said: For the first time, the health-insurance industry offered Tuesday to curb its controversial practice of charging higher premiums to people with [...]
It's in the news almost daily; companies going bankrupt or closing their doors leave thousands jobless. But what we don't hear about is the massive amount of medical debt many former employees are saddled with. When a company announces that they are going bankrupt or closing, many employees rush out to get much needed medical [...]
Even those born during the depression are finding this economy's downturn hard to bear. According to an article in the Associated Press the elderly are succumbing to bankruptcies as they face a rapidly rising cost of living.The AP says: "Older Americans are hit by a one-two punch of jobs and medical problems and the two [...]
Did you know that over 79 million Americans struggle to pay medical bills? That's shocking! I was surfing the net today and ran across an article with the headline from statesman.com , "79 Million Americans Struggling To Pay Medical Bills" . The story features a woman who reconnected with her high school sweetheart during middle [...]