Nearly 3 million Americans are injured in car accidents yearly, and about 3,000 are diagnosed with cancer daily. A single hospitalization or cancer treatment can cost $300,000 to $500,000. Without major medical insurance, unpaid bills lead to collections, lawsuits, and wage garnishment.
According to the Federal Highway Administration, almost 3 million people are injured in auto accidents every year. And according to the American Cancer Society, almost 3,000 Americans are diagnosed with cancer every day. And if you are one of those taken into a hospital emergency room with a serious injury from an accident, or one of those diagnosed with a critical illness like cancer, Your medical bills, including surgery and hospitalization or radiation treatments and chemotherapy, could easily amount to $300,000, $400,000, even $500,000. And if you don't have health insurance, you'll be required to personally guarantee payment of all your expenses. And if you can't pay your medical bills, the doctors, hospitals, labs, and therapists will turn you over to collections, where a legal judgment will levy your income, your salary or wages, for as long as it takes to pay off
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