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Medical bills can add up quickly, particularly for illnesses that require constant treatment. Like any other form of debt, such bills can chalk up a huge medical debt which adversely affects
credit scores. It is interesting to note that illness and medical bills accounted for 62.1 percent of all bankruptcies in 2007.
Of those debtors, less than 25 percent were actually uninsured.
The US Federal Reserve this week has moved one step closer to lifting interest rates by ending its controversial bond-buying program. This begins a long-anticipated process that will take many months to complete: the metamorphosis of a dove into a hawk. This leaves us with the question of a date for an actual rate hike – a moment economists expect surveyed by CNBC expect will be in July 2015, a month later than previously forecast. Read more
Joseph E. Stiglitz,
Stephen S. Roach,
Jeffrey D. Sachs,
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