Fox's Garrett exaggerated in claiming Obama's statistic on bankruptcies tied to health costs is "[n]ot even close"

SUMMARY: At a March 5 health-care forum, President Obama said, "The cost of health care now causes a bankruptcy in America every 30 seconds." On Special Report, Major Garrett reported that when asked to support that statistic, the White House cited a 2005 op-ed by Harvard law professor Elizabeth Warren in which she referred to a Harvard study that supports the statistic. But Garrett did not note this. Instead, he referred to Treasury Department statistics from 2000 and pronounced Obama's assertion "[n]ot even close."

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