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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 read” for the following people:
Those who remember the endless headlines of “50% of All Bankruptcies Due to Medical Debt”, and particularly for those who have based many calls for national, single-payer health care on that paper.
Zywicki’s testimony is indeed illuminating. First, he outlines the two ways that health problems could—in theory—cause serious financial problems for patients:
Reducing the ability to work and thus creating an unanticipated disruption to a family’s income flow, or an unanticipated budget shock to expenses through high uninsured medical bills.
Then he delivers the death blow to claims that such issues are contributing in any significant way to bankruptcies:
There is no evidence that there has been an increase in the frequency or severity of job loss or income interruption as a result of health problems … There is little evidence that medical debt is a major causal factor in bankruptcy filings.
And where does he get the data from which he draws these conclusions?
A recent study of bankruptcy filers by the Department of Justice’s Executive Office of the United States Trustee (USTP) … the most thorough study of the problem to date of those who actually filed bankruptcy.
So, once again, the evangelists of socialized medicine have put forward a phony study to support the ostensible need for the government to take over health care. And, once again, it has been buried beneath the facts.
When are these people going to start playing it straight?