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Get sick, go broke

<![CDATA[Via Instapundit.com – : TODD ZYWICKI: But is it true that it is “now documented” that 50% of bankruptcies are caused by health problems? The conclusion is based on a study in Health Affairs. Reviewing the study, it appears that the estimate that 50% of bankruptcy filings are precipitated by a “serious medical problem” cannot […]

<![CDATA[Via Instapundit.com – :
TODD ZYWICKI:

But is it true that it is “now documented” that 50% of bankruptcies are caused by health problems?

The conclusion is based on a study in Health Affairs. Reviewing the study, it appears that the estimate that 50% of bankruptcy filings are precipitated by a “serious medical problem” cannot be supported based on what that study actually examined.

Health savings accounts will do nothing to ameliorate this problem; it’s the health care industry that needs to change or it will have no customers left.]]>