People are going to be indentured servants for life. We are heading back to debtor prisons.
It will really depend on how strict the means test will be done.
I do not believe it is healthcare alone that is forcing people into bankruptcy. The ulitmate objective of this bankruptcy reform was to force the bankruptcy court to be a collection agency for credit card debt. Debt by the way that has ALREADY been sold to collection agencies.
Its a question of the means test.
A couple of months ago I had to have surgery to repair a hernia. Outpatient stuff, no big deal.
The charges submitted to my insurance, which is the price the uninsured would have to pay, totaled $18,000. Insurance has negotiated savings to make their cost about $4k. My out of pocket expenses were only $500 or so. I'm grateful to be able to have insurance.
I can easily see how someone without insurance who has a little accident, disease, whatever can wind up whe enormous medical bills and be forced into bankruptcy very quickly. And that is without acting irresponsible at all.
Yep. I have to tell you, I am personally so angry about this blatant act of greed and corruption, I will have a hard time voting for anyone, Republican or Democrat, who supports this legislation.