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FACT CHECK: Do 643,000 Bankruptcies Occur in the U.S. Every Year Due to Medical Bills?
A popular meme held that 643,000 personal bankruptcies occurred in the U.S. due to medical bills, but the underlying math was elusive. In April 2016, a meme was published by the Facebook page “The Other 98%” (among others) holding that 643,000 Americans declare bankruptcy over medical bills every year, while in a number of other first-world countries, bankruptcies over medical bills are non-existent (due to the implementation of national social health insurance/medical care systems in those other countries)...