Medical Bankruptcies: An Obama Data-Check
source: http://blogs.abcnews.com/thenumbers/2009/03/medical-bankrup.html
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- gooma2
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“The cost of health care now causes a bankruptcy in America every thirty seconds," Obama said at the opening of his White House forum on health care reform. The problem: That claim, based on a 2001 survey, is simply unsupportable.
The figure comes from a 2005 Harvard University study saying that 54 percent of bankruptcies in 2001 were caused by health expenses. We reviewed it internally and knocked it down at the time; an academic reviewer did the same in 2006. Recalculating Harvard’s own data, he came up with a far lower figure – 17 percent.
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cybexg
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I'm not sure of the exact frequency (per minute or such). But I do know that the 2 greatest causes of bankruptcy in this country are a) the lost of a job and b) medical expenses.
Source: the newest Consumer Bankruptcy Law and Practice guide released (periodically) by the National Consumer Law Center.
From what I was taught (In CLE's), before the recession, the greatest cause of bankruptcy was told to be medical expenses.
- 3 years ago
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cybexg
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Ihatethemall
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a bankruptcy every 30 seconds because of health care costs. REALLY? where did this guy come up with this....his telepromter?? or maybe pelosi told him this the same time she was telling us 500 million Americans were losing their jobs every month....and you people can still tell me with a strait face you believe in these idiots???
All politicians suck not just the democrats so dont get on my ass and tell me what the reps do cause I already know. I HATE THEM ALL - 3 years ago
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Ihatethemall
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