Contact Us

Please fill out the form below and our attorney will contact you.

!
!
!

Our Offices

  • Vernon Office

    Address

    244 State Hwy 94
    Vernon, New Jersey 07462

  • Wayne Office

    Address

    73 Mountainview Blvd
    Wayne, New Jersey 07470

    Phone

    973-764-1633

  • Pompton Lakes Office

    Address

    58 Colfax Avenue #1
    Pompton Lakes, New Jersey 07442

  • Hackensack Office

    Address

    41 Main Street
    Suite 2
    Hackensack, New Jersey 07601

    Phone

    973-764-1633

  • Nutley Office

    Address

    345 Centre Street
    Suite 2
    Nutley, New Jersey 07110

    Phone

    973-764-1633

Choose a location to review

Law Offices of James C. Zimmermann locations:

Ratings & Reviews

  • lawyers
    5.0/5.0

    I highly recommend Mr. Zimmermann as an attorny. I recently purchased an investment property and boy was he helpful. He was easily available, very clear in explaining various concepts, laws and regulations, and provided very helpful tips o...
    Show More

    — Client

Could the COVID-19 Pandemic Lead to the End of Medical Bankruptcy?

0268243001615466345.jpgIn the middle of an election year where healthcare is already a hotly debated issue, the COVID-19 pandemic has stirred further discussion about whether major changes are necessary. During the Democratic presidential primary, the concept of Medicare for All split the candidates. While the candidate who promoted that concept has since dropped out of the race, the significant financial pressure on consumers and healthcare providers highlighted by the pandemic might strengthen the position of those who seek a fundamental overhaul to America’s healthcare system.

One study says that medical costs are a factor in about two-thirds of the bankruptcies filed within the United States. Serious divisions still exist regarding ways to limit financial hardship, but the coronavirus crisis has highlighted several concerns that have prompted calls for change:

  • High costs of inpatient care — Estimates put the average cost that an uninsured person would have to pay for inpatient coronavirus care between $40,000 and $75,000. Even in circumstances where a patient has health insurance, high deductibles or uncovered costs could push them toward bankruptcy, especially in a situation when other economic pressures exist.
  • Importance of preventative measures — Many people and organizations have criticized the U.S. healthcare system for being too reactive rather than offering concrete ways to prevent long-term health issues. The explosion of coronavirus and the fact that it seems much more harmful to individuals with largely treatable conditions such as diabetes and high blood pressure might prompt insurance companies and governments to work even harder to support preventative care to lessen the likelihood of significant afflictions, and costs, later on.
  • Struggling healthcare providers — The last thing on most people’s minds when they hear about debt problems within the healthcare industry is the fate of the hospitals that charge them so much. However, the cancellation of most non-coronavirus procedures during the pandemic demonstrates how slim a margin exists for healthcare facilities, particularly in rural areas.

It’s not uncommon for people to say that “nothing will ever be the same” as we go through the COVID-19 pandemic, and in the healthcare sector that might very well be true. Perhaps the intense focus on industry problems will foster change that makes medical bankruptcy a thing of the past. Until then, however, medical expenses, whether coronavirus-related or not, could put tremendous financial strain on you and your family. If you are struggling with medical debt or serious financial difficulties related to the economic crisis, finding the right bankruptcy lawyer could help you overcome your difficulties.

Contact a bankruptcy lawyer to discuss your debt or collection issue

The Law Offices of James C. Zimmermann represents clients in bankruptcy actions and related matters. Please contact the firm online to schedule a consultation.