#101 50% of Bankruptcies are NOT Due to Medical Expenses

Fakery abounds in our news media, I'm afraid to report. Ben Rhodes, a big wig with the Obama Administration said about the news media in regard to their coverage of foreign affairs: "The average reporter we talk to is 27 years old, and their only reporting experience consists of being around political campaigns. That’s a sea change. They literally know nothing.” Unfortunately, the media is also just as bad at pushing false narratives for domestic issues too. In this episode, I read from an article which tore apart the "study" conducted by Elizabeth Warren and a Marxist physician, both from Harvard which was used as complete propaganda to scare people that health costs caused the majority of bankruptcies. The study was click bait. The media fell for it, hook, line and sinker and then offered their own version of click bait to further the dialogue. They were so successful that nearly EVERYONE seems to think that bankruptcies are caused by medical expenses. Yet, the study said no such thing. Sadly, the study authors KNOW IT TOO but they knew even better they'd have a willing media as accomplices to pushing their fraud. Lo and behold, 12 years later, Warren is on the cusp of a presidential campaign. What's Himmelstein doing? He's a regular contributor for The Nation magazine. There are no capitalists or believers in private property at The Nation. In fact, he wrote in the Washington Post, just last year, that repealing Obamacare would KILL 43,000 people a year. Not hurt people, literally KILL them! Yet, these two people are the source of the widely cited studies of medical bankruptcy which the media ran with NO consideration of the evidence of the claims. It's as if they push an agenda. Frightening actually. https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3105661