Jump To Navigation

Expected Doctor Shortage Adds to Consumer Concerns

Posted on August 1st, 2014

People in need of medical care in Arizona and other states might have difficulty finding a doctor in the future. Reports point to a 90,000 shortage in the number of doctors needed in the U.S. by 2020. For people now struggling with overwhelming medical debt, worries about a future shortage of doctors is just another crisis for them to endure.


Complicating the issue of a projected shortage of doctors is a report showing that medical students are deeper in debt than ever before. The percent of medical school students graduating with student loan debt higher than $150,000 has been increasing for the last several years.


As the country tries to figure out a way to avoid a shortage of doctors, some consumers with unexpected medical conditions end up with unmanageable debt. Medical debt attributed to therapy, operations and doctors can quickly add up and create financial challenges. Add to the list of medical debt the high cost of hospitalization, and the hospital bills that might not be paid by private health insurance can leave a person in need of debt relief.


Chapter 7 bankruptcy offers debt elimination to a consumer, but someone with assets might not be eligible to take advantage of this opportunity. A consumer considering filing for bankruptcy must meet eligibility guidelines. Other options, such as Chapter 13 bankruptcy might be a better choice for a person who is not eligible for Chapter 7.


A Chapter 13 filing does not require the liquidation of a consumer’s nonexempt assets as does a Chapter 7. A consumer should become familiar with the types of bankruptcies and the features associated with each type before making a decision to file. A bankruptcy attorney might help to educate the consumer about the benefits and drawbacks of Chapter 13 and Chapter 7.


Source: HealthCare Finance News, “Debt for medical students continues to rise,” Madelyn Kearns.

Contact Us for a Free Consultation
Office Locations

Phoenix Office One
Wright Law Offices
2999 N. 44th St., Ste 600
Phoenix AZ 85018

Telephone: 480-845-0145 / 866-703-3287
Phoenix Law Office

Phoenix Office Two
Wright Law Offices
668 N. 44th St., Ste 320
Phoenix AZ 85008

Telephone: 480-845-0145 / 866-703-3287
Phoenix Law Office

Scottsdale Office
Wright Law Offices
7135 East Camelback Road, Ste 230
Scottsdale AZ 85251

Telephone: 480-845-0145 / 866-703-3287
Scottsdale Law Office

Tempe Office
Wright Law Offices
2238 S. McClintock Dr.
Tempe AZ 85258

Telephone: 480-845-0145 / 866-703-3287
Tempe Law Office

Avondale Office
Wright Law Offices
12725 W Indian School Rd, Suite E-101
Avondale AZ 85392

Telephone: 623-258-4480 / 866-703-3287
Avondale Law Office

Mesa Office
Wright Law Offices

4856 E. Baseline Rd.
Suite #104
Mesa, AZ 85206
Telephone: 480-845-0145 / 866-703-3287
Mesa Law Office

Glendale Office
Wright Law Offices
20325 N. 51st Ave., Suite 134
Glendale, AZ 85308
Telephone: 623-258-4480 / 866-703-3287
Glendale Law OFfice

Facebook IconTwitter IconVisit Us On Google+Visit Us On Google+