Obama math

From ABC News’ Gary Langer:

President Obama’s kicking off his health care reform today in the worst possible way: with a mischaracterization of data.

“The cost of health care now causes a bankruptcy in America every thirty seconds,” Obama said at the opening of his White House forum on health care reform. The problem: That claim, based on a 2001 survey, is simply unsupportable.

The figure comes from a 2005 Harvard University study saying that 54 percent of bankruptcies in 2001 were caused by health expenses. We reviewed it internally and knocked it down at the time; an academic reviewer did the same in 2006. Recalculating Harvard’s own data, he came up with a far lower figure – 17 percent.

Math and economics are not this administration’s strong suite.


One Response to “Obama math”

  1. http://online.wsj.com/article/SB123681586452302125.html

    Dr. Jerome Groopman of Harvard, one of my favorite medical authors (usually publishes in the New Yorker) exposes President Obama’s the $80 billion fictional savings for electronic medical records. It was the most-emailed article in the Wall Street Journal 3/12/09. This administration is setting a low bar for scientific credibility.

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