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Is healthcare the top reason for bankruptcy? - Coggle Diagram
Is healthcare the top reason for bankruptcy?
Research
2005 paper
Elisabeth Warren
Harvard medical school
David Himmelstein
28.3% of bankruptcies
illness or injury
2001 data
asked about additional cost
unpaid medical bills
lost income due to illness
mortgage of home to pay medical bills
46.2%
900 people
update 2009 paper
62% of people
contributed to bankruptcy
critics of the research
relied to much on people saying medical bills lead to bankruptcies
should be independent confirmation
David Dranove
Kellogg School of Management at Northwestern
Micheal Millenson
Analysed data
17% of personal bankruptcies
President Barack Obama
2009
"The cost of health care now causes a bankruptcy in America every 30 seconds''