Specifically, Obama overstated the effects of rising health care costs by claiming that those costs "now cause a bankruptcy in America every thirty seconds." That claim paints quite a picture. But it isn't true. It is a claim based on old and discredited data.
Langer cites a more recent study that shows "about eight-tenths of one percent of Americans lived in families that filed for bankruptcy as a result of medical costs." Now, don't get me wrong, that's bad for every one of those families but the truth doesn't paint quite the picture that Obama's made-up-fact did . . . does it?