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It’s a misleading statistic that gets used because it helps push the narrative that things are broken: https://www.ncbi.nlm.nih.gov/pmc/articles/PMC5865642.

> However, the magnitude of the bankruptcy effect is much smaller than previously thought: we estimate that hospitalizations cause only 4% of personal bankruptcies among nonelderly U.S. adults, which is an order of magnitude smaller than the previous estimates described above.




I'm not so sure that rate of medical bankruptcies is the metric I'd use to measure the healthcare system! But point taken.




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