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Archives for September, 2009

Minnesota Free Market Institute Welcomes Lord Christopher Monckton, October 14th.

Monckton3 (2)The Minnesota Free Market Institute will host Lord Christopher Monckton Wednesday, October 14th at the Benson Great Hall on the campus of Bethel University. The evening starts at 7:00 pm with the national premiere of the Cascade Policy Institute documentary, “Climate Chains” (view the trailer here). Lord Monckton will give the keynote after the documentary.

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Sen Coburn: End Abuse Before Tackling the Rest

coburn2In a editorial placed in today’s edition of Real Clear Politics, Oklahoma’s Junior Senator, Sen. Tom Coburn, called on the federal government to address the rampant fraud in Medicare and Medicaid before seeking to reform the entire health system. A licensed medical doctor for over 20 years, Senator Coburn knows the ins and outs of the health care industry well. This, his latest salvo against health care….

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Health Care: A Titanic Misrepresentation

mEDICAL bANKRUPTCYAs I’ve been listening to various talk radio programs I’ve heard the following new talking point proffered by national health care supporters at least four times in the past 48 hours: We have to pass a government option! Two-thirds of the bankruptcies in the US are caused by medical bills!

The basis for this argument is found in this recent study in the American Journal of Medicine. A snippet of the conclusion of the study is as follows: Using a conservative definition, 62.1 percent of all bankruptcies in 2007 were medical; 92 percent of these medical debtors had medical debts over $5000, or 10 percent of pretax family income.

At first look you’d have to say “Wow!” Can nearly two-thirds of bankruptcies be caused by the results of medical costs? The answer, after you look at the study and some other information is “No.”

A Guest Post by Randy Ammon

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