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Elizabeth Warren´s claim on number of medical bankruptcies greatly overstated, study shows


Added 07-10-18 12:30:05am EST - “Health-care-related bankruptcies, touted as a key justification for passing Obamacare in 2010, are not nearly as prevalent as reform proponents such as Sen. Elizabeth Warren have claimed, researchers say.” - Washingtontimes.com

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Posted By TheNewsCommenter: From Washingtontimes.com: “Elizabeth Warren claim on medical bankruptcy wrong, study shows”. Below is an excerpt from the article.

Health-care-related bankruptcies, touted as a key justification for passing Obamacare in 2010, are not nearly as prevalent as reform proponents such as Sen. Elizabeth Warren have claimed, researchers say.

Findings of an exhaustive report published in the American Economic Review this year have sparked a lively debate as the Trump administration rolls back key portions of the health care law.

Matthew Notowidigdo, an associate professor of economics at Northwestern University, and fellow researchers looked at the rate of first-time health emergencies and resulting debt levels for patients. The result: About 4 percent of insured patients and 6 percent of uninsured patients ended up filing for bankruptcy.

That was a far cry from the claim advanced in a 2009 study by Ms. Warren and internal physician Dr. David Himmelstein that over 60 percent of bankruptcies in the U.S. were caused by extreme medical debt. Ms. Warren at the time was one of the country’s best-known bankruptcy law specialists.

The 60 percent figure created a furor at the right time. The U.S. was crawling back from the Great Recession, and health care reform was being packaged as a savior to American livelihoods.

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