Most Bankruptcies Because of Medical Debt? Uh, no
Overwhelming debt from medical bills
By Warner Todd Huston —— Bio and Archives--August 18, 2009
American Politics, News | Comments | Back To Full Article
Early in June The New York Times was all aghast that overwhelming debt from medical bills will cause “nearly two out of three bankruptcies” in the US. Since then the White House has also used the statistic as a way to sell Obamacare policies and frighten voters into accepting a nationalized healthcare system. But is it true? Are medical bills the culprit of more than 60% of American bankruptcies?
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