Most people think that most of those who file bankruptcy did so
Because they got way over their heads in credit card debt; however, research shows the truth is much more surprising.
For the years 2003 and 2004, just over 50 percent of all personal bankruptcies were the result of medical debt by those with health insurance. A significant percentage of those listing medical debt as the reason for their bankruptcy are 65 and older.
It seems that Medical Tourism with its lower costs can be one solution for this problem.