Category: Health & Medical

Even though more Americans are “covered by health insurance” than ever before, a new study has found that “about 530,000 families each year are financially ruined by medical bills and sicknesses”, and most of those families actually had health insurance. 

There are many reasons and theories on why the costs of insulin have continued to rise much faster than inflation has in the past twenty years. But, the answer is complex and layered.

By the time you reach 65 years old, average healthcare costs are $11.3K per person, per year in the United States. This is nearly triple the annual average cost of when you’re in your 20s and 30s. Even if your insurance company or Medicare covers most of that bill, the typical American can still be on the hook for a very large sum of money to cover their healthcare costs as they age.

Some 1,000 healthcare workers have lost their licenses to practice in Florida due to their inability to pay off their student debt. There are additionally 12 other states that have the power to take away healthcare licenses for unpaid student loans. However, so far Florida is the only state actually enforcing the law. Could we see others join as student debt and delinquency continues to grow?

Stamford-based Purdue Pharmaceuticals, which is facing thousands of lawsuits pertaining to its role in stoking the opioid epidemic that has been blamed for the surge in drug overdose deaths. It now considering filing chapter 11 bankruptcy to halt the mountain of lawsuits and negotiate its legal claims with plaintiffs.