- In just eight years, nearly 78 million Medicare beneficiaries will face an automatic 11% payment cut in their hospital insurance benefits.
- GOP bill would prohibit the use of quality-adjusted-life-year (QALY) and similar measures for health insurance coverage and payment determinations.
- Related concept: The “value of a statistical life” appears to vary by income. In essence, being wealthier equates to being more willing to buy what might make one “healthier.”
- Reason magazine investigation: woman in federal prison dies of medical neglect.
Category: Health Insurance
Hospital Employment of Physicians is a Pain for both Doctors and Patients
When I was young physicians were an independent bunch. Most were self-employed males, who were either sole proprietors or in small group practices. In the past 20 or so years it has become increasingly common for doctors to work for someone else. According to Merritt-Hawkins nearly three-fourths (74%) of physicians now work for hospitals, health care systems or corporate entities. Of physicians accepting new work assignments today, 90% are accepting positions as employees rather than owners or partners.
Wednesday Links
- “Longer life with no greater proportion lived in good health equals more years in poor health—statistically, for the population at large.” Interesting throughout, with implications for research and public policy priorities.
- Obesity drugs could save Medicare $100 billion a year.
- 40% of privately insured patients receive no preventive care, despite the ACA mandate for free coverage.
- David Henderson grades the US on how far we have come toward achieving Karl Marx’s ten public policy goals.
- Monopoly matters: “in states in which the market share of the dominant health insurer exceeded 71 percent…[that] payer, on average, paid 14.7 percent less to hospitals than market-leading insurers in more competitive insurance markets.”
Thursday Links
- Why we need Association Health Plans for small businesses and gig workers: Less than one-third of small companies are even offering heath insurance to their employees.
- Why doctors so aggressively pushed the Covid vaccines.
- Sanders/Cassidy bill would speed genic drugs to the marketplace.
- Mattel is making a Barbie doll with Down syndrome: “It’s set to join existing dolls with behind-the-ear hearing aids, a wheelchair, alopecia and a prosthetic limb within the company’s heavily diversity and inclusion-focused line.”
- Against bringing back the Woolly mammoth.
- An early estimate of the cost of Covid from Harvard: $16 trillion!