Cancer drugs have become increasingly expensive in recent years. No one blinks anymore when a new lung cancer or colon cancer treatment comes to market priced at more than $100,000 per patient. In part, we don’t blink because we have simply gotten used to such prices – the shock has worn off. Moreover, many of…
If she had been eligible for Medicare, the hospital would have charged the government $10,000 for the services it provided to her, with Medicare picking up most of the tab. But lacking insurance, she was billed directly from the hospital, and not for a mere $10,000. The total charge: $120,000! That 1200% markup is extreme….
Greedy pharma execs have been in the news of late. Here is a story on the topic, from Wired. The reporter misquotes me. I never said Apple could make profits selling iPhones for $10. I said that even if they could profit at that price, they’d be crazy to do so if people would…
The bill she received in the mail revealed a staggering figure — $9,225 for one infusion of Avastin, a chemotherapy drug. And she would need many more such infusions. Fortunately, the dollar amount is what medical experts call a “charge,” which in normal marketplaces refers to the amount a provider expects for the good or…
I recently wrote something in Forbes about all the mergers going on in the U.S. healthcare industry. Well here is a nice article about the growth of the healthcare system in Western North Carolina, that explores some of the same issues. Check it out: Mission Health Partners, the Accountable Care Organization of Mission Health System,…
The federal government is currently debating whether the big six health insurance companies in the U.S. will soon become the big four. Aetna and Humana have announced plans to merge, as have Anthem and Cigna. The American Hospital Association and the American Medical Association strongly oppose the mergers, saying they will reduce competition in consumer…
Attention all you design and #nudge fans. Here is a graphic from ProPublica that attempts to help people choose a physician. Do you think it works? What would you do to improve it?
President Ronald Reagan was famous for espousing anti-government views. To this day, he is lionized by Republicans, who frequently quote his “less is more” attitudes towards government. Which makes it kind of ironic that when he was in office, Republican faith in government rose significantly. In fact, when you ask people whether they trust the…
The percent of Americans without health insurance has dropped precipitously in the last few years, thanks in large part to the Affordable Care Act, a.k.a. Obamacare. This is especially true in those states that, in accordance with the law, expanded Medicaid eligibility. Here is a picture of some recent data: This is really good news,…