- Judge’s free speech ruling was prompted by Fauci’s attempt to silence lockdown critics.
- Outgoing CDC Director Rochelle Walensky warns we should beware of politicized science and misinformation. But, no mea culpa?
- A quarter of all Americans have not yet been infected by Covid.
- AI in health: Who gets paid? Who gets sued? AI has already been used in diagnosing dementia, heart attacks, lung cancer, and pancreatic cancer.
- Prof. Kotlikoff explains the difference between the economist’s approach to personal financial planning and the conventional approach.
- Casey Mulligan study: Biden regulations are costing $10,000 per US household.
Should You Brownbag Your Own Hospital Drugs?
Everyone probably knows what brown bagging is. That’s when you pack a sandwich in a brown paper bag and take it to work rather than joining your spendthrift colleagues, when they go out for lunch or order takeout. Sometimes it saves you the time of going out to eat but mostly it saves you the expense of a meal prepared by a restaurant. A sandwich, an apple and a container of yogurt that costs you less than $2 to pack at home substitutes for a $12 takeout meal. In the hospital industry the practice of brown bagging is called white bagging. That is when your insurance company refuses to pay the hospital’s 600% markup for costly oncology drugs and has them delivered to the hospital for patients’ infusions (or patient picks them up at the specialty pharmacy)
How Medicare Advantage Plans Cover Drugs
Average annual deductibles in independent prescription drug plans (PDPs) are roughly four times higher than those in Medicare Advantage plans (MA-PDs) ($398 versus $90). Average monthly premiums for PDPs are also roughly 3.5 times higher than in MA-PDPs ($40 versus $11). Similarly, MA-PDP formularies cover a higher share of potentially coverable Part D drugs than PDPs (89 percent compared to 83 percent). At the same time, MA-PDPs impose utilization management requirements (such as prior authorization and quantity limits) on formulary covered drugs at a lower rate, relative to PDPs.
Source: Benedic N. Ippolito and Boris Vabson, The Impact Of Medicare Advantage Growth On Part D Competition, Costs, and Coverage. (AEI)
Wednesday Links
- Judge: the federal government cannot conspire with social media to limit free speech.
- Expanded Child tax credit: Neither labor force participation nor total hours worked changed significantly during the months when benefits were increased and work requirements were removed.
- Study: Medicare enrollment improves financial health.
- About 39 percent of US workers are engaged in nontraditional work (freelancing, contracting, gig, and self-employment).