Wall Street is facing an economic disaster due to which Americans are facing financial crisis due to which they are not able to pay medical bills. As employees are paying more medical expenses out of their own pockets, they are having a harder time coming up with the money. Government has to take a serious action to address the growing unaffordability of care, despite and distraction. Government has used the taxpayer’s money of nearly $700 billion to bailout financial sector. Although inflation in insurance premiums has moderated in recent years, the Kaiser survey has found that employees were spending more in medical costs including yearly insurance premiums.


According to Kaiser Survey, employees are paying an average of $3,354 premium for family coverage double the amount that they paid in 1999. The total cost for family coverage has averaged to $12,680 a year, up 5 percent from 2007. According to a survey nearly one of every five families had problems paying medical bills last year. More than half the families had to borrow money to pay their expenses and nearly 20 percent had to declare personal bankruptcy as they were not able to pay medical bills. A study estimates that 57 million Americans are struggling with medical bills and 43 million of those who have insurance coverage. Since the families are already in debt they are foregoing treatments.