Healthcare reform may not limit medical bankruptcy, according to a new study and a report by the LA Times. While more people will have coverage, many will still have poor coverage and end up struggling with medical debt. The article refers to a study published in the American Journal of Medicine.  “These data suggest that reducing medical bankruptcy rates in the United States will require substantially improved — not just expanded — insurance,” the report says.

Researchers investigated those who have filed for bankruptcy in Massachusetts during 2009 and compared that to national data compiled earlier. What they discovered as that medical bills contributed to more than half of all bankruptcies. Medical bankruptcies increased by a third and total bankruptcies went up by 51% between 2007 and 2009.

The study shows that insurance in Massachusetts has continued to become more expensive. “It’s really too much money for the average family — especially if the breadwinner is the one who gets sick,” the report says. Uncovered services could make expenses even greater, the study reported. “We need to reduce limits on deductibles and out-of-pocket costs,” an author study said according to the LA Times.

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@USATodayMoney: Longer foreclosure process takes an average 17 months

@Inspired_Ones: You have to believe in yourself when no one else does- that makes you a winner right there. -Venus Williams

@SmartStep: Current money book I am reading what are you reading? ‘Thou Shall Prosper: by Rabbi Daniel Lapin

@DaveRamsey: First thing I do in the hiring process: Pray. I ask God to bring the right people in and keep the crazy people out.

@Money: Kicking the jobless while they’re down: Many employers won’t hire you if you’re unemployed

@TomZiglar: Put your best foot forward, and don’t drag the other one. Zig Ziglar

@LeannInspires: “If u want to feel rich, just count the things you have that money can’t buy”

@AmericaSaves: Today is the first day of America Saves Week!

@YesIamCheap: Like Renuzit on FB, and score a free Renuzit cone. They give 500 each day thru 02/28

@WalletPop: Grocery Prices, World Hunger to Skyrocket? “BLT sandwiches might be downsized to BL.”

Wondering what the best minds in money are tweeting about? Every other Tuesday we’ll fill you in on the conversation with Tuesday Money Tweets. You’ll get the 140 characters (or less!) of the financial wisdom you crave from around the Twitterverse.

@DaveRamsey: Business tip: It’s okay to fire your customers. If they’re a problem or won’t pay, just cut them loose!

@TomZiglar: Faithfulness is an attitude; it speaks of the qualities of trust, reliability, and loyalty.

@RachelCruz: Only 17% of college students pay off their credit cards each month. Basically my generation is saying, “Hey banks, come take our $.”

@TheJennyPincher: Magicjack is well worth it and can save you tons of $$!! I just tested it out yesterday w/ great results.

@MoneyCrush: Getting out of debt means keeping your eyes on the prize — and beyond

@ThriftyMom: FREE bagel thin & light schmear with any drink purchase: Head to facebook and  “Like” Einstein Bagels

@ThomasJStanley: One man pretends to be rich, yet has nothing; another pretends to be poor, yet has great wealth. Proverbs 13:7

@JamieMunson: The Goodwill is getting to know me well, we’ve dropped off many car loads of stuff in the last few weeks, so cleansing.

@DMWYMoney: Super Bowl tickets going for $5k!

@LiveRichToday: 40% of Americans have more than 3 credit cards. How much is too much?

Wondering what the best minds in money are tweeting about? Every other Tuesday we’ll fill you in on the conversation with Tuesday Money Tweets. You’ll get the 140 characters (or less!) of the financial wisdom you crave from around the Twitterverse.

@TheQueenofFree: Don’t forget to exercise your FREEdom to vote today. It’s a gift!

@MattJabs: An inspired 30 day mission of wearing one outfit to determine needs vs. wants & to help others. Join us!

@FrugalFemina: Ways to give really do pop up out of the blue when you’re open for them. Funny how that works.

@MoneyMaus: My 2-year $300 membership to 24 Hour Fitness (via Costco) expires today. Do I buy another or try to negotiate a monthly rate?

@AmberBalanced: Officially started xmas shopping. Took care of the fiance and half of dad’s gift. Yes!

@TheSavalots: Have you joined Ebates yet? If you’re an online shopper, you will LOVE it!!

@nodebtplan: Just discovered 2nd fraudulent charge in a week on our credit card. Card canceled now. Only concern: 2nd charge was for a credit report…

@TD_Canada: 8-in-10 boomers say it’s important to pay off mortgage before retirement but 56% haven’t yet

@PayingMyself: I made almost $20 in interest last month. Sweet!

@Elle_CM: My grandparents have always said: “It never hurts to ask.” They meant for more money when you get a job to haggling in a store.

Wondering what the best minds in money are tweeting about? Every other Tuesday we’ll fill you in on the conversation with Tuesday Money Tweets. You’ll get the 140 characters (or less!) of the financial wisdom you crave from around the Twitterverse.

@onada01: To all my females friends planning their financial futures – you need to check out @LearnVest now! It’s an amazing website

@MoneyMateKate: VERY Expensive Tuesday: $718 for root canal and x-rays, $550ish for my 2009 taxes. And there’s another $2040 of dentalwork pending.

@Matt_SF: If just 1% of bottle water was contaminated w/ E. coli O157:H7, would you drink it? Same goes w/ buying a foreclosure right now.

@KeepingItRich: How much is ur apt, util and food bill every month? Multiply that times 12. Is it really more than $60K per year? I doubt it.

@YahooFinance: Bank of America says it lost $7.7B because of a charge tied to credit, debit card reform

@ChristineRomans: BofA says of 120,000 foreclosures reviewed, all will stand. No errors found.

@ThomasJStanley: Stop Acting Rich: Only 1 in 944 millionaires wears custom made shoes

@alphaconsumer: writing about finding your optimal debt level… can it be anything other than zero?

@jdRoth: Your finances are your own, and no one else’s.

@RamseyShow: Blake: Don’t make decisions based on fear. The majority of fear-based decisions turn out to be the wrong decision. ~Dave Ramsey

Wondering what the best minds in money are tweeting about? Every other Tuesday we’ll fill you in on the conversation with Tuesday Money Tweets. You’ll get the 140 characters (or less!) of the financial wisdom you crave from around the Twitterverse.

@FiscalFizzle: What do you think is the ideal number of credit cards? 2 for me

@USATodayMoney: Reloadable prepaid cards can be handy but heavy on fees

@MyMoneyBlog: Citibank just gave me a $10 credit on an idle card to convince me to dig it up and use it again. Sneaky, but I like it =)

@OutofYourRut: Car dealers like to pretend that they don’t need your business as much as you need their car. This is patented nonsense!

@BudgetsAreSexy: Sometimes I check my accounts 3 times a day. Am I a dork?

@OutofDebtAgain: Whoot! Oh yeah, my Adsense earnings today THREE CENTS… but I made $3.72 yesterday…

@FinanciallyPoor: Quick Tip: Don’t Always Get The Cheapest Gas

@MomsWearCapes: I JUST SAVED $82 by couponing and buy-one-get-ones! HOORAY! *happy dance in the checkout line*

@FaithfulProv: Score some FREE Ramen Noodles this week at Publix.

@FinanceSavvyUK: There are many ways to budget; pen & paper, spreadsheets, software etc. Use a system that suites YOU & you are more likely to stick with it

Wondering what the best minds in money are tweeting about? Every other Tuesday we’ll fill you in on the conversation with Tuesday Money Tweets. You’ll get the 140 characters (or less!) of the financial wisdom you crave from around the Twitterverse.

@Prentms: Labor Day is a day to honor Industrial Age workers. The Industrial Age no longer exist. Do you aspire to a JOB in manufacturing?

@OutofYourRut: Any attempt to eliminate debt without paying it down is a shell game we play with ourselves to make debt more tolerable.

@simonsinek: Success will buy you a new house. Fulfillment will leave you inspired when you come home at night.

@JohnCMaxwell: Your present circumstances don’t determine where you can go; they merely determine where you start. -Nido Qubein

@MichaelHyatt: Productivity used to matter more than attitude. Not now. Attitude is what you are selling.

@Money_Ministry: Christian ministry must be delivered with agape love, not with any exchange of anything, not with any expectation of return, or revenue.

@FrugalFreebies: MONDAY FREEBIE CHECK-IN: Since there is no mail today – what was the worst freebie you have received?

@InvestorJunkie: “never before has govt spent so much & intervened so directly in credit allocation 2 spur gwth, yet the results have bn mediocre at best.”

@EverydayFinance: Ironic,the administration claims they want to “make homes affordable” (even have a program w that name),but keep propping up prices w tax $$

@moneybeagle: Ever find a small gap that was leading to big heat or A/C going right out the window? I did!

Wondering what the best minds in money are tweeting about? Every other Tuesday we’ll fill you in on the conversation with Tuesday Money Tweets. You’ll get the 140 characters (or less!) of the financial wisdom you crave from around the Twitterverse.

@IAmAMoneyMagnet : Free Ben & Jerry’s & Starbucks Today! {3/23/10}: Today is March 23-otherwise known as FREE Ben & Jerry’s Cone Day.

@RamseyShow: Blake: Recent college graduates carry an average debt burden of $23,200. Students have borrowed $527 billion to go to school. – Equifax

@SuzeOrmanShow: HEALTH CARE REFORM HAS PASSED AMAZING HISTORY HAS JUST BEEN MADE

@thomasjstanley: Money makes life easier, not better.

@brokeinthecity: Money only makes you happy if you have more than your neighbours

@johncmaxwell: If you want to get ahead with others, focus less on CORRECTING & more on CONNECTING.

@christineromans: Examples so far of luxuries u cannot live w/o — a nice meal out, fancy cupcakes, fine champagne. Only food?!

@frugaldad: New student loan legislation reduces cap on required loan payments and reduces the req’d payment term from 25 to 20 yrs. After 20, forgiven.

Car insurance premiums are nothing to sneeze at these days. Even with the flurry of commercials for car insurance companies, it seems as though the reduced rates are still pretty steep.

Often enough, auto insurance is considered a necessary pain that has to be dealt with when driving a vehicle. In pretty much all cases, you can’t legally drive a vehicle without insurance covering it.