Friday, January 9, 2009

New administration plans to ease bankruptcy for medical debtors

According to the Wall Street Journal Health Blog, President- Elect Obama’s economic agenda includes an interesting bullet point --
“Reform bankruptcy laws to protect families facing a medical crisis: Obama and Biden will create an exemption in bankruptcy law for individuals who can prove they filed for bankruptcy because of medical expenses. This exemption will create a process that forgives the debt and lets the individuals get back on their feet.”
Ellen Andrews