In two papers Elizabeth Warren estimated that medical bills "contributed" to about 50% of bankruptcies. But research by actual economists (Amy Finkelstein of MIT) shows hospitalization accounts for about 5% of them http://sci-hub.tw/http://www.nejm.org/doi/full/10.1056/NEJMp1716604 …
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Noam Retweeted
This bit is relevant too: "about 63% of people in the top 5% of annual medical spending (at least $8,433) had had a hospitalization in that year. This finding suggests that focusing on hospitalized people probably does not lead to vast underestimation" https://twitter.com/i_contemplate_/status/1052046319228018688 …
Noam added,
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Replying to @NoamJStein
I agree with the general conclusion. Warren is full of shit. I'm just a stickler for accuracy.
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Replying to @i_contemplate_
Fair enough. I wanted to include that caveat as a screenshot in the original tweet but it was getting bloated
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Replying to @NoamJStein
Use the full 280 characters bro ;)
9:20 PM - 15 Oct 2018
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