A recent court ruling is a good reminder to health care providers that bankruptcy may not (as is sometimes suggested) be a safe harbor for providers in danger of being forced out of business by the loss of their Medicare and Medicaid provider agreements.
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It has been reported that “medical bankruptcies” have been on the rise since 2001. There is no clear-cut definition for “medical bankruptcy,” but it has been summarily defined by the following terms:
USA, Healthcare & Life Sciences, Insolvency & Restructuring, Bricker & Eckler LLP, Bankruptcy, Costs in English law, Debtor, Health insurance, Debt, Administrative law, US House Committee on Energy and Commerce, US House Committee on the Judiciary, Affordable Care Act 2010 (USA), US Code, Health Care and Education Reconciliation Act 2010 (USA)