This past Tuesday’s Number post was the last in the second
quarter.
As I do every thirteen weeks, I took a look to see how the numbers stack up against prior quarters, and to try and get a handle on whether or not we've got any interesting trends.
First, here are the quarterly totals:
As I do every thirteen weeks, I took a look to see how the numbers stack up against prior quarters, and to try and get a handle on whether or not we've got any interesting trends.
First, here are the quarterly totals:
- New Judgments: $3,290,452
- Satisfied judgments: $107,869
- Bankruptcies: $321,661
- Grand total: $3,504,244
And the year
to date numbers:
- New Judgments: $8,471,440
- Satisfied judgments: $268,377
- Bankruptcies: $782,560
- Grand total: $8,985,623
How does
this quarter compare to others? Well, we saw the lowest total filings, 201. The previous best? Q1 2014, when there were 253. It also had the lowest dollar total for new
judgments, beating Q1 2014 by roughly $1.7M. For satisfied judgments, this was the second
lowest total, coming in about $20K less than the previous low in Q3 2014. And, we saw the second lowest total dollars in
bankruptcies; Q4 2014 was about $150K lower.
While there are
lots of positives this quarter - most of the metrics are going in the right direction - the number of satisfied judgments coming in low
is a little disappointing.
If you think about a 'Tuesday’s Number' kind of ideal
world, folks who have piled up heath care debt would have affordable health insurance
(without gigantic out of pocket costs built in) to protect them going forward. And, they’d have jobs that paid enough to
cover their bills, including health insurance premiums, maybe save some money, and have enough to spare to allow them to pay down the medical bills they accumulated when they
were uninsured, or under-insured.
The other
part of the 'Tuesday’s Number' ideal world is the part where hospitals, nursing
homes, surgical centers, physician groups and the like were reimbursed enough
to cover their costs and allow their employees to make a good living; to invest in new
treatments and technologies; expand into rural areas and less financially attractive
specialties; and to have some money left to provide assistance to folks
who run into hard times, so that we don’t see millions of dollars piling up
every Tuesday.
Are we there yet?
Not unless you think that a net of $59,899,058 (judgments plus bankruptcies, minus satisfied judgments) over ten quarters is acceptable for our community.
But we can hope that the numbers continue to improve, across
all categories, and that we inch ever closer to the ideals outlined above.
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Thanks for sharing your thoughts!