But did you know that Pocahontas and two of her comrades once conducted a fake study to prove that exorbitant healthcare bills drive most bankruptcies? And that former President Barack Obama later used her phony study to advocate for Obamacare.
“[W]e must also address the crushing cost of health care. This is a cost that now causes a bankruptcy in America every 30 seconds. By the end of the year, it could cause 1.5 million Americans to lose their homes,” the then-president said during his 2009 address to Congress.
For a guy who kvetches so frequently about the lack of “a common baseline of facts,” you’d think he’d have known better.
As noted by Paul Mirengoff over at PJ Media, Warren’s study contained a plethora of problems, including the fact that it “grossly inflated the number of bankruptcies having a ‘medical cause’ … by including all cases of ‘uncontrolled gambling,’ ‘alcohol or drug addiction,’ and ‘birth/addition of a new family member’ and by including cases where relatively modest medical bills acted in combination with other debts.”
In fairness to Senator Lies A Lot many lies were told by advocates of Obamacare, but she played a special role with her ginned up “study”
Megan McArdle at The Washington Post:
Carlos Dobkin, Amy Finkelstein, Raymond Kluender and Matthew J. Notowidigdo did what’s called an “event study.” Instead of looking at bankruptcies to see how many involved medical bills, they started with the illness, and asked how much more likely people were to declare bankruptcy after they got sick. That’s a much better way to tease out causation than asking whether someone who just went through a financially ruinous divorce also owed his or her dermatologist thousands of dollars.
The answer they came up with will surprise even critics of Warren et al.: The fraction of bankruptcies caused by medical events is just 4 percent. And even among those bankruptcies, it seems that medical bills may be less of a problem than the other things associated with an illness, such as lost labor income.
In other words: Medical bankruptcy probably wasn’t nearly as big a problem as people thought when we were passing our giant new health-care program. And to the extent that it was a problem, Obamacare probably didn’t do much to fix it.
None of this should surprise anyone. Senator Warren is a leftist, leftists do not care one whit about truth or honesty. Leftists do not value such things. All they value is achieving their end goals. Socialized medicine has long been one of their most lofty aims, so, lying to reach it? No biggie to them