More health care dollars are spent in hospitals than any other health care sector. Nearly one-third (31%) of the $4.255 trillion in health care expenditures are spent on hospital care. Physician care is 14.9%, while drugs are 8.9%. Thirty years ago, presidential candidate Ross Perot described a “giant sucking sound” due to jobs being sucked abroad by the North American Free Trade Agreement. Nowadays the giant sucking sound is the sound of workers’ and taxpayers’ income being sucked into hospitals due to price gouging and high hospital prices.
Category: Direct Primary Care
Friday Links
- CBO: 6.2 million people will become uninsured due to the Medicaid unwinding as about 15.5 million people transfer away from the program. In Priceless, I argued that we should have government funded premium support for private insurance instead of privately managed Medicaid.
- Both Biden and Trump favor industrial policy. Here is why economists are skeptical.
- Why giving to public health in poor countries is sometimes better than giving people cash. (Yglesias)
- One in five adults experience chronic pain. (NYT) it may not be all in your mind, but your mind is definitely involved.
- More from the CBO: federal tax subsidies for employer-provided health insurance cost $2,075 per person in FY 2023 — significantly less than the federal cost of both Medicaid expansion ($7,069) and Obamacare premium subsidies ($6,169).
- Paragon: The expected drop in Medicaid enrollment, as people migrate to employer plans, is a large net positive for the federal budget.
Thursday Links
- Sanders reintroduces single payer Medicare bill.
- Memories: CBO trashed the single payer idea.
- Monica’s story: woman nearly died because of Georgia’s Certificate-Of-Need laws.
- Of the 355,000 nurse practitioners licensed in the United States, 88% are trained and capable of providing primary care. Yet in nearly half the states, “scope-of-practice” laws prevent that from happening.
- Rational health reform: a basic bundle of services publicly financed for all, while allowing individuals to “top up” by purchasing additional coverage.
- Why we need work requirements: Medicaid covers almost one in three Americans, or around 100 million people. Able-bodied adults make up more than 40% of that total.
Monday Links
- Are therapists becoming social justice warriors?
- Some NY lawmakers want to make organ transplants available to illegal immigrants, while citizens stay on waiting lists. (NYT)
- Illinois offers free health care to some illegal immigrants. Spending already balloons to $1.1 billion – five times the initial projection.
- Mass bill: prisoners would get reduced sentences for donating their organs or bone marrow to other patients.