That's the yearly percentage, not the lifetime percentage. The chance of something happening to someone in a given year is vastly smaller than the chance of something happening to someone during their life.
So if 600,000 medical bankruptcies a year happen, how does that compare to other yearly numbers? Well, there are about 4 million births a year in the USA, so someone being born in the USA happens only 7 times more often than someone becoming bankrupt through medical bills.
It may have been slightly inaccurate to use the word typical, however these figures seem to indicate that it is at least fairly common.
So if 600,000 medical bankruptcies a year happen, how does that compare to other yearly numbers? Well, there are about 4 million births a year in the USA, so someone being born in the USA happens only 7 times more often than someone becoming bankrupt through medical bills.
It may have been slightly inaccurate to use the word typical, however these figures seem to indicate that it is at least fairly common.