Category Archives: Bankruptcy BS

VIDEO: YOUR TAX DOLLARS AT WORK

While Donald Berwick and his growing army of health care apparatchiks decide which medicines to deny Medicare patients, the Democrats have been spending large sums on programs that sound too preposterous to be real: $700K on joke-telling robots, $3.4 million to build a pedestrian tunnel for turtles and $2.6 million to teach Chinese prostitutes how to drink [...]

MEDICAL BILLS CAUSE ONLY 5% OF BANKRUPTCIES

Last year, I took issue with a “study” claiming to show that 50% of bankruptcies were caused by medical bills. At that time, I pointed out that a couple of researchers checked the data and discovered that only 17% of bankruptcies could be plausibly attributed to medical bills. Well,  it turns out that the actual number is only [...]

MEDICAL BANKRUPTCY MYTH DEBUNKED AGAIN

Eric Novack links to yet another nail in the coffin of that bogus bankruptcy study perpetrated by David Himmelstein. He calls Todd Zywicki’s testimony before the House Judiciary Committee a “must readâ€? for the following people: Those who remember the endless headlines of “50% of All Bankruptcies Due to Medical Debt”, and particularly for those who [...]

EXHUMING A BOGUS BANKRUPTCY STUDY

The Healthcare Economist has exhumed a hopelessly flawed study that was buried by the facts last February. As I discuss here, the preposterously high percentage of bankruptcies that its authors attributed to medical bills was shown by David Dranove and Michael Millenson to be wildly inconsistent with their own data: A reexamination of their data [...]

Health Care and Bankruptcy

One of the most persistent myths concerning our health care system involves the notion that medical bills are forcing huge numbers of ordinary middle class Americans into bankruptcy. This particular brand of BS has been promulgated not only by sloppy journalism, but by politicians who advocate a government takeover of American health care. Barack Obama, [...]