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Even with Insurance, Medical Costs Remain Top Reason for Bankruptcy
Health insurance in the U.S. is expensive, costing the average American $8,951 a year, with a family spending $25,572. You'd think this investment in health coverage would pay off. And yet on average **530,000 Americans** file for bankruptcy each year due to unpaid medical bills, with another 59 percent blaming medical costs as a factor. But here's the shocker: Of those numbers, 79 percent had health insurance coverage even as they racked up those medical bills.
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