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Will health care reform reduce Georgians’ medical debt? (1) Atlanta, GA

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Will health care reform reduce Georgians’ medical debt? (1)

3 Doctors Discussing Medical Treatment

Although the Affordable Care Act has been touted as a major, much-needed reform of the American health care system, many Georgia residents remain uncertain on just how the new law will change their health insurance and the way that they seek and pay for medical care. And they are not alone. Many people, even state and federal officials, are not yet sure whether the health care law will reduce the average American’s medical debt load.

One thing is for sure, however: medical debt is a problem that needs to be addressed. Currently, it is a leading cause of bankruptcy in Atlanta and around the country. And the truly unfortunate aspect of medical debt is that it is largely the product of bad luck, such as being in a car accident or contracting a random illness.

Currently, the cost of medical care in the United States is rising faster than inflation and wages. In order to maintain profit margins, health insurance companies are passing more costs on to their policyholders, requiring them to pay higher insurance premiums, deductibles and co-payments. The Affordable Care Act does not appear to address this practice.

Similarly, hospitals and clinics are becoming more forceful about collecting payments from patients and their family members. This practice is pushing more people into bankruptcy. Although there is no solid data about the number of bankruptcies caused by medical debt, a recent random sample of bankruptcy filings found that nearly 90 percent of the filers had some amount of medical debt.

We will continue this discussion in our next blog post.

Source: The Salt Lake Tribune, “Health reform won’t shield Utah families from medical debt,” Kirsten Stewart, Oct. 21, 2012

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5.0 / 5.0

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Jack L.

They did an excellent job with my case. Jamie took the time to really listen and understand things. She delved into the details and was extremely knowledgeable and non judgmental. Very professional and they know what they are doing. Would definitely recommend!

All C.

Mr. Gingold was recommended by an attorney I had worked with previously. I met with Ira Gingold to discuss credit issues. He went over each specific issue thoroughly. He advised me of the potential outcomes. He did all this in one meeting for a very reasonable price. When we finished I was confident in moving forward with a resolution. He definitely wants to help people take the appropriate course of action for their circumstance.

Karen B.

Dear Mr Gingold, There are so many reasons to be thankful for all you have done and will do. Anyone who has ever had unfavorable experiences with an attorney or the legal system will feel the trepidation that I experienced once I realized that my situation seemed hopeless. It was by chance and happily good luck that I decided to put my future and sanity into your hands. I was mortified at having to deal with my debts by claiming bankruptcy. I remember in our first meeting how you assured me that I was not alone and should not feel ashamed. And, anyone in this position obviously does not have money to spare and you were clear about all the costs and allowing me to pay according to my own ability to do so. You advised me in all aspects of the law, but also, you were at each meeting incredibly supportive and complementary of my personal and professional plans. Anyone else in this situation should feel blessed to have access to your expertise and support.

Lyla B.

I thought the process of filing bankruptcy was going to be a difficult one. However, Gingold & Gingold treated me with respect and dignity from the moment I walked through their door. I had the pleasure of working with Jamie. She is very responsive, professional, and knowledgeable. She took the time and listened to my every concern and handled each and every one of them to my satisfaction. My experience with filing bankruptcy under Gingold & Gingold's representation exceeded my expectations in a major way. They gave me such a peace of mind. I am very pleased with my decision of going with Gingold & Gingold to represent me when I filed Chapter 13 bankruptcy.

Julie T.

Wow! I am finally out of debt and can say that I am debt free after completing my chapter 7 bankruptcy case with Gingold and Gingold. Mr dangled was very knowledgeable and direct with regard to my debt situation. there were no surprises and the case went as I was advised. The staff was also very helpful whenever I had a question. I will definitely recommend them in the future to my friends.

Sherard W.

I cannot say enough about this law firm. From the initial consultation to our discharge, the entire office kept me updated with every step of the entire process. I came to the Gingold after a bad experience with another law firm. Ira and Jamie immediately began treating me like family through this experience. In the end, they assisted with eliminating many debts including my 2nd mortgage. I cannot say enough about the experience and knowledge that Ira brought to the table from the office visits to the court time. Thank you very much for helping me through this tough time. Thank you.

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