A recent article in the online publication Investopedia doesn’t mince words in its spotlighting of the immense medical-related financial challenges faced by many Arkansas residents and other individuals and families across the country.

Medical debt is “a terrible problem” for Americans, the article notes.

And what is especially troubling is that the perceived safety net for consumers having health insurance policies is flatly illusory in many instances.

That will often turn out to be the case when a policyholder incurring costs must personally satisfy a deductible and an out-of-pocket maximum payment of several thousand dollars before an insurer will kick in a dime toward reimbursement.

Here is a truly startling figure relevant to a recent year: Reportedly, about 43 million Americans have past-due medical bill entries on their credit reports. And it is estimated that close to 27 million consumers are so strapped with medical debt that they have to pull out their credit cards to pay for it.

That is a recipe for disaster that has resulted in legions of individuals and families nationally being driven to the brink of financial ruin.

The adverse effects of punishingly high medical bills are widespread and dangerous. Debtors often forgo necessary treatment. They cut back on needed medications. They incur ever-increasing costs owing to punitively high interest rates on their credit cards. They sometimes lose jobs, miss house payments and go into home foreclosure.

Although there is no fits-all-cases solution to sheer debt challenges, many consumers ultimately find that a Chapter 7 or Chapter 13 bankruptcy filing most meaningfully attacks financial problems and allows for a fresh financial start.

A proven Little Rock debt-relief attorney can provide further information and legal representation aimed at securing an optimal outcome for a client who is being unduly challenged by medical bills and/or additional types of debt.