No we have government getting in the way of contracts. Don't borrow money you can't afford to repay. Credit cards are behind the majority of bankruptcies. People live just like the government runs! Above our means. No one owes us anything other than liberty and freedom. It is up to us how we use that.
I know medical bankruptcies? I'm sure all those credit card bankruptcies are from people buying insurance right? Medical is a issue all to it's own. I imagine when the day comes that a bankruptcy doesn't protect the consumer Insurance will become much more important to the individual.