Megan McArdle, Columnist

The Myth of the Medical Bankruptcy

Researchers who want to make it look like a huge problem can do that. Unless readers look closely.

It's all in how you slice the data.

Photographer: John Moore/Getty Images

One of the predictions that was made, with great fanfare, when Obamacare passed, was that our nation’s bankruptcy epidemic would finally come to an end. Last week, veteran liberal commentator Norm Ornstein declared that it had already come to pass.

“Before Obamacare,” he tweeted, “more bankruptcies from health bills than anything else. Now, hardly at all. Do we really want to go back to that?”