In 2010, the state of Rhode Island decided to tackle high healthcare costs. It did so by requiring insurers to meet affordability standards. The plan worked, but not for the reasons you probably suspect. Let’s start with what Rhode Island’s standards look like. It required several things of insurers: Premium caps – with annual inflation equal…
I’ll get right to the dismal data: Americans are dying from poison at an alarming rate. In 2005, death by poison in the U.S. occurred in about 11 of every 100,000 people over age 15. By 2016, that number had more than doubled, to 24. Any guesses at what could explain this horrific statistic? (To…
Over half of Medicare spending is concentrated in 10% of patients. With Medicare expenditures rising at an unsustainable clip, reigning in the costs of those patients is key to controlling healthcare spending. So who are those patients and what expenses are they racking up? (To read the rest of the article, please visit Forbes.)
Steve B. wasn’t going to be fooled twice. He’d recently seen an ear, nose, and throat specialist for a “tickle in the throat” that wouldn’t go away. He’d forked over a co-pay at check-in, but then the doctor said he needed “to put a scope down there” and check his throat. He later received a…
Recently, I got an incredibly nice email from a complete stranger. It began like this: “I am an Economics teacher in England and have just finished reading your wonderful book ‘Free Market Madness’. When you write a book that only 5 people read, it is nice that at least one person thinks it is wonderful….
The first time Bill Clinton ran for president, his campaign chair was determined to keep the famously verbose candidate focused on one topic. So he coined a phrase: “It’s the economy, stupid!” That phrase comes to mind when I think about our country’s Medicaid programs. Medicaid is a federal/state partnership to provide healthcare coverage to…
Something like one in seven people living in the US have no healthcare insurance. In fact, the number of uninsured people has grown by 7 million since Trump has become president. (Make America Uninsured Again?) These numbers are atrocious. Embarrassing. Shameful, actually, in a country as wealthy as ours. We need to recommit ourselves to guaranteeing people access…
US healthcare spending is maddeningly high. As in: fifty percent higher than what other wealthy countries spend, with no evidence we’re getting any bang for all those additional healthcare bucks. In 2014, the state of Maryland took direct aim at this profitless profligacy, enacting a bold (dare I say European?) approach : it gave hospitals fixed…
The day of solo practitioners is coming to an end . In its place will be gaggles of gastroenterologists and flocks of physicians. Mega practices are becoming the norm in American medical care. Here’s a few pictures of this trend, somewhat dated (they only go through 2015) but still quite revealing. (To read the rest of the…
It is not a mirror you can easily use when trimming your beard or flossing your teeth. Because if you face it and aren’t smiling, this is what you see: Nothing but an opaque, glass surface. That’s because the mirror, designed by Berk Ilhan, only becomes reflective when the person facing it smiles: Ilhan designed…