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Medical Bankruptcy
Galen Institute, 2-4-05

Galen takes issue with a new article in Health Affairs alleging that “half of all bankruptcies in the United States are caused by medical problems, especially inadequate insurance coverage.”

Galen criticizes the article for withholding enrollment information about the study population, and poor scholarship generally. Galen notes that the “greatest flaw in the study is the way it defines ‘Major Medical Bankruptcy.’ The authors define it as meaning anyone who declared bankruptcy and had at least $1,000 in ‘medical debts,’ OR were off the job for two weeks due to an illness. These conditions didn’t have to cause the bankruptcy or even contribute to it. The could be merely incidental to someone declaring bankruptcy.”

Project FDA.
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