In an article on Media Matters titled "Top 4 Obamacare Myths About Millennials Dispelled", I learned that:
Before the ACA Established Minimum Coverage Standards, 78 Percent of Medical Debt-Related Bankruptcies Were For Individuals That Had Health Insurance. According to Businessweek, "Medical problems caused 62% of all personal bankruptcies filed in the U.S. in 2007, according to a study by Harvard researchers. And in a finding that surprised even the researchers, 78% of those filers had medical insurance at the start of their illness, including 60.3% who had private coverage, not Medicare or Medicaid." [Businessweek, 06/04/09]Nice to know if you have someone telling you that junk insurance is a good thing. Or that our health insurance system was just fine the way it was.
Check out the article for a lot more info: