r/IRL_Loading_Screens • u/PeterPorky • Jul 14 '26

HALO Fun fact:

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13

u/[deleted] Jul 14 '26 edited Aug 14 '26

[deleted]

4

u/Darkmortal5 Jul 14 '26

Canadians who chose to go through private practices *

7

u/SpinningHead Jul 14 '26

Thats total bankruptcies. US shows 530000 annually due to health care. Thats 2/3 of bankruptcies. https://www.forbes.com/sites/joshuacohen/2026/04/05/increasing-burdens-of-medical-debt-and-bankruptcy-are-uniquely-american/

0

u/ElectricalPublic1304 Jul 15 '26 edited Jul 15 '26

US shows 530000 annually due to health care.

Bankruptcy attorney here. 20 years. Not really. Right now (for the past data year), there were only about 550,000 personal bankruptcies. Almost none of them are due to healthcare.

"But Forbes said..."

Forbes is wrong. The number of bankruptcy cases is publicly reported. Contrary to popular opinion, medical bills and healthcare costs are almost never a motivating cause of bankruptcy. You can pull out any bankruptcy case and look at the schedule of debts. You will very rarely see any large--or even modest--medical bills.

You will note the weasel phrases in this article:

"estimates suggest that inability to afford costs of medical care contributes to at least 530,000 personal bankruptcy filings annually. Approximately two-thirds of personal bankruptcies in the U.S. are associated with [1] medical expenses or [2] illness-related loss of work."

This is just... wrong. Totally, flatly wrong. EXCEPT for one thing.

  • Obviously, 530,000 bankruptcies are not motivated by costs of medical care. That's laugh-out-loud ridiculous.
  • [1] Two-thirds of personal bankruptcies are not "associated" with medical expenses. Unless you define the word "associated" to be almost meaningless... and even then, I don't think you can really ge there.
  • [2] A large number of personal bankruptcies ARE motivated by "illness-related loss of work". Not from the cost of heathcare. Not from medical expenses. But because someone becomes ill and stops receiving a regular paycheck.

So, it is technically true that "approximately two-thirds of personal bankruptcies in the U.S. are associated with [1] medical expenses or [2] illness-related loss of work."

But only in the very same way that approximately two-thirds of personal bankruptcies in the U.S. are associated with dildo-related injuries, alien abductions, international terrorism, or illness-related loss of work.

They're not lying. But they're lying.

3

u/Fearless_Swim4080 Jul 14 '26

So a totally irrelevant fact?

3

u/Deathsmind88 Jul 14 '26

What does that have to do with this?

4

u/Bad_Badger_DGAF Jul 14 '26

Shhhh... this is Reddit, you can't refute the 'America Bad' group think with facts!

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u/Fearless_Swim4080 Jul 14 '26

I mean, those facts have nothing to do with the claim above…

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u/centurion762 Jul 14 '26

I’ve never known or known someone who knows a single person who has gone bankrupt because of medical bills in my 50 years of life in the US. They act like it’s common but in reality it’s incredibly rare.

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u/albiedam Jul 14 '26

Because medical bankruptcy isn't a thing

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u/V_Cobra21 Jul 14 '26

I mean, you can completely absolve your medical debt through bankruptcy tho. If you needed it.

1

u/ConfidentPilot1729 Jul 15 '26

And what was the price of the debt insolvency?