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  • Spectacular!

    I liked your fast, friendly service. You were all knowledgeable in the area of bankruptcy. Your treatment of me as a client was spectacular! You were great at promptly responding to my questions and concerns. I loved that you provided courteous and quick responses to all my questions.
    --Donna
  • Highly Recommended!

    I have worked with Seth and he is the utmost professional in how he works with his clients. If you need an attorney you can trust I would highly recommend the Law Office of Seth Hanson.
    --David
  • Very Professional.

    Everyone was very professional and efficient. Seth, and everyone that I had contact with were very knowledgeable. I was very pleased with how we were treated by his staff. My questions were always answered promptly. I was very pleased with the service I received and would not hesitate to refer someone to your firm.
    --Anonymous
  • Non-judgmental.

    You were very open and answered all of my questions. You never made me feel like I was asking a dumb question. I was comfortable with your knowledge of the law. It was hard for me to make this decision to move forward in my life. Everyone was friendly to me and respectful. Non-judgmental. Every question I asked was answered promptly and appropriately. I would recommend you.
    --Anonymous
  • More Than Expected!

    I found the firm's representation to be more than what I expected. I was always kept in the loop, all my questions were answered (whether or not I asked more than once the same question), and I felt completely supported by the firm staff when going through this (at times) scary ordeal. Thank you again.
    --Joanna
  • Very Impressed!

    I liked that you had very friendly, caring staff. You were all very knowledgeable. Your treatment towards me was excellent and you quickly responded to all my concerns. If a friend asked of your overall impression, I would say that we were very impressed and we would recommend you to them.
    --Danielle

Is The Affordable Care Act Lowering Medical Debt?

Is the Affordable Care Act Lowering Medical Debt?In 2009, The American Journal of Medicine found that 62% of all bankruptcies were rooted in medical debt. Seven years later, we look at the burning question: has the Affordable Care Act done a proper job in lowering medical debt? Also, has the law, which was passed in 2010 reduced or increased the number of bankruptcies that are caused by medical debt? Is the Affordable Care Act lowering medical debt?

With the turmoil and debate that still surrounds the Affordable Care Act, affectionately coined as “Obama Care,” many are keeping a close eye on benchmarks design to evaluate the effectiveness of the law. So has the law helped lower out of pocket medical costs that lead many people into significant medical debt burdens?

Is the Affordable Care Act Lowering Medical Debt?

Premiums vs Payment Problems

The answers are mixed. According to a survey conducted by the Kaiser Family Foundation, one in five individuals still struggle to pay their medical bills. However, this is seen as an overall decrease since the insurance coverage was changed. This same study showed a decrease in the number of bills sent to collections since the Medicaid program was expanded as well.

On the flip side of the numbers, a report that looked into the medical insurance reforms in Massachusetts, a plan upon which the ACA was modeled, found that individuals purchased the insurance they could afford and not necessarily what they actually needed. Due to the high costs of health care and the even higher premiums, bankruptcy rates more or less stayed the same.

Perhaps it is too soon to have any finality on the question. Especially with such a large and complex system as the American health care sector. The good news is that there are 20 million fewer uninsured Americans; however, it would appear that medical debt still lingers at roughly the same levels as before the law was enacted. Furthermore, hospitals are still struggling with the same amount of bad debt, if not more. If you are personally plagued by medical bills that you can’t pay, filing bankruptcy in California can be a huge relief and get you the second chance at financial health that you deserve.

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