This picture shows changes in the cost of treating colon cancer, from 1993-2005. It shows unsustainable growth in these expenditures: By unsustainable, however, I do not mean unjustifiable. Patients with colon cancer have much better prognoses in 2005 than 1993, in large part due to advances in chemotherapy. Instead what I mean by unsustainable is…
Here are some projections on what illnesses Medicare enrollees are experiencing now, and what they will be experiencing 20 years from now, courtesy of the Brookings Institute:
Imagine your physician prescribed an expensive new drug for you. Concerned about its price, you ask what your out-of-pocket costs will be. To help your physician, you even pull out details of your insurance coverage. But even with this information in mind, don’t expect your physician to be able to estimate your costs. The complexity…
A recent New York Times op-ed by Joanne Lipman poses the question: “Is music the key to success?” As a serious amateur musician, I have long credited my half-way respectable pianistic accomplishments to the discipline I gained practicing Chopin etudes, and even to the teamwork I developed practicing Beethoven piano trios. In fact, I frequently pull out these…
Shutterstock Last spring and summer, the Republicans stumbled in their efforts to repeal and replace Obamacare. But they might try a new approach later this year. If they do, expect to hear more debates about what their replacement plans mean for chronically ill Americans. People with pre-existing conditions might get priced out of insurance. People…
Health insurance is not what it used to be. With increasing frequency, Americans who purchase private health insurance find themselves with plans that require them to fork over significant amounts of money every time they receive healthcare. That means if you get, say, a heart attack, your portion of the hospital bill is probably going…