Farmers Have More Medical Debt

The 2007 Health Insurance Survey of Farm and Ranch Operators has found that farmers and ranchers with children are at increased risk of having medical debt.
The survey, conducted by officials of a U.S. health advocacy group The Access Project, surveyed more than 2,000 family farmers in Iowa, Minnesota, Missouri, Montana, Nebraska, North Dakota and South Dakota.
Not only will farmers and producers have more debt, but they are more like to have poorer health because they fall into the same category as the lower and moderate incomes and uninsured.
Keep in mind however that 60 percent of those farmers and producers with medical debt had less than $2,000. The advocate group said to keep in mind that those with medical debt are more likely to pay out-of-the-pocket costs for healthcare.
This news comes as lawmakers are pushing for universal health care in the country.
Federal Reserve stated interest rates likely to rise. Refinance your farm loan before rates go up. Call a representative by dialing 866-929-5585 or visit us online.