It's still not fully implemented.
They also say that 60% medically related bankruptcy rate was already going down. Now is WAY down.
Really?
Medical Bills
The number one reason bankruptcy occurs is medical bills. It's understandable; it's an unexpected and sudden situation, and we assume health insurance can cover. The debt piles up as you struggle to pay monthly bills, and it gets so bad that bankruptcy is the only way out. One major injury and consider your entire savings, checking, retirement, home equity, and college funds depleted. Seventy-eight percent of medical bill bankruptcies come from people who have health insurance.
Top Causes For Bankruptcy Filing
And the number of people weighed down by medical debt is staggering. According to Lisa Kaess, an economist and the creator of Feminomics, which focuses on practical and policy issues relating to economic and financial themes for women, “Nearly two-thirds of the people that file for bankruptcy do so because of a health crisis. Sixty-two percent of those actually have health insurance. So unexpected health crises can be financially devastating.”
Top 5 Causes of Bankruptcy: Are You at Risk? - Healthplans.com