Health Insurance Does Good Thing

“According to a paper published in the New England Journal of Medicine this past May, people with access to Medicaid were a whopping 30 percent less likely than their counterparts to screen positive for depression…. A 2009 study by a team that included Senator Elizabeth Warren found that more than half of all personal bankruptcies happen because of medical bills. In that light, health insurance can be seen as a financial instrument designed specifically to protect against such a crisis. According to the Oregon study, being insured made people almost 60 percent less likely to have to borrow money or miss a payment on a bill.”

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