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  • Personal bankruptcies are down 50% in the US. Thanks, Obamacare?

    Quartz - 08/07/2017

    Neale Mahoney, an associate professor of economics at the University of Chicago Booth School of Business, says 50% is probably too high a number to attribute solely to medical debt: the equivalent of about 382,000 annual medical-related bankruptcy filings last year. He noted that a respected 2014 study by Northeastern University associate professor of law Daniel Austin had estimated that national medical bankruptcies represented only 18% to 25% of all personal filings.

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