Americans collectively have about $140 billion in outstanding medical debts, according to a recent study published by the Journal of the American Medical Association.
During his last run for president, Senator Bernie Sanders, I-Vt., declared that enormous medical bills force a staggering 500,000 people to declare bankruptcy each year - a fact that, if true, would justify drastic reforms to the healthcare system.
The authors conducted a study in which about two-thirds of the 700,000 debtors surveyed said medical expenses contributed "Somewhat" or "Very much" to their bankruptcy.
Often, the main cause of bankruptcy isn't a surge in debt - it's a precipitous drop in income.
A 2018 study in the New England Journal of Medicine analyzed the percentage of people with medical bills who went bankrupt, rather than how many bankruptcy filings included some level of medical debt.
The study concluded that medical bankruptcies, specifically those caused by hospitalization, make up just 4% of all bankruptcies.
Medical bills don't cause nearly as many bankruptcies as progressive lawmakers want people to believe.
It's becoming increasingly difficult to discern fact from fiction, and unfortunately the media has a strong bias. They spin stories to make conservatives look bad and will go to great lengths to avoid reporting on the good that comes from conservative policies. There are a few shining lights in the media landscape-brave conservative outlets that report the truth and offer a different perspective. We must support conservative outlets like this one and ensure that our voices are heard.
Sunday, January 23, 2022
Don't Believe the 'Medical Bankruptcy' Narrative
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