Bankruptcies and Health Care

For John, BLUF:  For those who say one is entitled to one's opinions but not one's own facts, what happens when the facts change?  Nothing to see here; just move along.

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The truth about medical bankruptcies

From The Washington Post and Ms Megan McArdle, 26 March 2018.

Back when we were considering health care reform (the outcome being "Obamacare") numbers were floating around suggesting half of bankruptcies were due to medical problems.  Turns out it may not be true.

And last week, the New England Journal of Medicine published a new estimate done by a team of health and labor economists.

The new study suggests the number is probably closer to 4%.

Yes, 4% is much less than 50%.

Hat tip to the InstaPundit.

Regards  —  Cliff