Harvard Study: 60% of Bankruptcies Caused by Health Problems

A new study finds that more than 60% of personal bankruptcies in the United States in 2007 were caused by health-care costs associated with a major illness. That’s a 50% increase in the number of bankruptcies blamed on medical expenses since a similar study in 2001.

In an article published in the August 2009 issue of the American Journal of Medicine, the results of the first-ever national random-sample survey of bankruptcy filers shows that illnesses and medical bills contribute to a large and increasing share of bankruptcies.

Consumer Affairs, Truman Lewis

High cost of medication in the US, compared with other countries.

Dr. Robert Grant developed a treatment — a daily pill known as pre-exposure prophylaxis, or PrEP — that could stop the AIDS crisis. We look at why that hasn’t happened.

NY Times Daily podcast

Referring to Truvada, a drug used to reduce the transmission of HIV, Ms Ocasio-Cortez, pointed out that while it cost almost $2,000 in the US, it was available for just $8 in places such as Australia. In South Africa, it costs just $6.

 

Pessimistic Meta Induction Theory

DUBNER: Right now, we’re talking in the year 2017. A lot of people now are convinced that the U.S. government and many others erred terribly in declaring fat to be the cause of obesity. Many people now believe, as you argue, that sugar is a much bigger villain. How do we know you’re not the guy that’s wrong this time, that you’re not just another — perhaps well-intentioned — big-brained do-gooder who is making a massive mistake?

LUSTIG: An awfully good question. This is known as the pessimistic meta-induction theory. What it says is, “Everything we knew 10 years ago is already wrong, and everything we know today will be wrong 10 years from now. Why should we do anything differently when we know that whatever it is that we believe today will end up being wrong?” If you play that game, then you might as well never do any research, never do anything at all, and live with the current dogma.

– FREAKONOMICS podcast – There’s a War on Sugar. Is It Justified?

Pessimistic induction @ wikipedia