- Food stamp households spend a disproportionate share of their food budget on unhealthy items, such as sugary beverages and prepared desserts. And it’s worse than other low-income households who don’t have food stamps.
- Social Security tells Kotlikoff the number of Social Security clawback letters per year is probably closer to 3 million. (It started at 1M in a congressional hearing; then jumped to 2M in answer to a FOIA request by KFF; and now it’s at 3M. (No telling what the real answer is.)
- Less than half of the benefit of Obamacare subsides goes to the newly insured. One-third of it is wasted.
- In 2023, 79 percent of (Obamacare) enrollees received subsidies (up from 44 percent in 2015), at an average cost of $20,739 per enrollee gaining coverage.
Category: Public Insurance
Monday Links
- “We find that one-quarter of food-insecure households fall within the top three quintiles of the income distribution and that food-insecure households spend about as much as food-secure households do on food per week.”
- Biden lowers the hammer on short-term insurance: plans can only last 3 months with a 1 month renewal.
- This year alone, the federal government will spend more than $1.1 trillion to fund more than 130 anti-poverty programs. State and local governments will kick in an additional $700 billion, pushing total anti-poverty spending to more than $1.8 trillion. If all that money were given to the poor it would equal $47,493 per person.
- Bob Moffett authors another review of Modernizing Medicare.
- There have been 70 legal changes to Obamacare so far.
Friday Links
- California had the worst job growth of any state.
- How Medicare pays providers: for the fiscal year that began on October 1, the new rule for hospital inpatient care is just short of 800 pages, with three columns of text for most of the published pages. The physician fee schedule and skilled nursing facilities rules for 2024 run 1227 and 147 pages, respectively.
- Other things equal, 3 psychological traits (competitiveness, risk tolerance, and confidence) lead to higher incomes.
- The Institute for Clinical and Economic Review determined that a cost-effective price for the newly approved gene therapy Lenmeldy is between $2.3M and $3.9M. Orchard Therapeutics, will be asking $4.25M.
- Why is colon cancer rising among young adults, but falling for seniors?
Thursday Links
- Obamacare is making health insurance companies rich.
- Aaron Carroll reviews health care systems around the world in 10 minutes. Pretty good on the market-based systems in Switzerland and Singapore and the public/private systems in Australia and New Zealand. But when it comes to the UK and Canada, he fails to mention the extraordinary waits and health care rationing.
- Federal health bureaucracies operated by doctors and lawyers regulate about a fifth of our economy and a quarter of the federal budget – jobs that need the insights of economists.
- When the cost of prevention is included, the total loss from Covid was lower in the U.S. than in the EU.
- The CBO estimated that (Obamacare) exchange enrollees would cost federal taxpayers $6,850 each by 2021. The reality: $20,739, or over three times as much.