Friday, December 2, 2016


While one could quibble over the absolute zero numbers in other countries, and even dispute the 643,000 medical bankruptcies in 2013 by a few thousand (up or down, as Snopes discusses here), one reality remains: Before Obamacare was passed, over 60 percent of all bankruptcies in America had a medical cause.

After Obamacare well over 50 percent of all bankruptcies still have a medical cause. Let's repeat that. Even after Obamacare, health care costs are still the #1 cause of bankruptcy filings in America. What this means is Americans are still adversely affected by an inefficient and wildly expensive health care system.

For the record, the three top causes for bankruptcy in America are divorce, job loss, and the inability to cover health care costs. The real tragedy here is that well over one-half of those who file for bankruptcy because of health related bills have health insurance.

- Mark

Hat tip to Aguila for the meme. 

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