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 to be significant.
(To read the rest of this article, please visit Forbes.)
Here’s a picture from the Kaiser Family Foundation from late last year, showing what people want done to improve the US healthcare system: Plenty of work to do!
Hepatitis C has been in the news lately, because of amazing (and amazingly expensive) new treatments that promise to cure their life-threatening illness. While we ought to debate the expense of these treatments, we should also remind ourselves of how much we’ve been spending caring for patients with advanced disease. Here’s a picture showing the…
There’s plenty of price gouging in American healthcare. The pharmaceutical industry has gotten plenty of (well deserved) bad press for its pricing practices. At the extreme are people like “Pharma Bro” (and convicted felon) Martin Shkreli, who hiked the price of an important medication to treat infections in AIDS patients by over 5000%. But high and…
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…
Sabin Russell wrote a great piece in Health Affairs recently, on the drought in investment to develop new medical devices. Read it if you have access. If you don’t, here are some of her main points. 1. Venture capital for device manufacturers has been drying up for a while: “‘For five years, this industry has…
A while back, my friend and colleague Brendan Nyhan sent out a disturbing picture showing that moderate politicians, from both the Democratic and Republican parties, are less likely to run for seats in the House of Representatives than more extreme politicians: Very disturbing trend! It is hard to see the policies of our country improving if…