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If Trump Wants to Do Better than Obamacare, He Better Pay Attention to This!
Donald Trump says he can improve upon the Affordable Care Act – promising to get everyone in the country “a much better healthcare plan at much lower cost.” If that’s really what Trump wants to do, he should pay attention to one of the problems with Obamacare – the subsidies to purchase insurance might have…
Bundling Hospital Pay Without Bungling Patient Care
Paying someone to mow your lawn is a pretty straightforward affair. Ryan the lawn guy will look at the lawn size and maybe the hilliness of your yard and you’ll settle on a price for mowing and trimming it. When you decide to contract for Ryan’s services on a more regular basis, payment might get…
Only One Thing Certain about Healthcare Costs: They Grow Faster Than Everything Else
Here is a very interesting picture from the Atlantic website, charting the unpredictability of healthcare costs. The picture was put into the article in large part to point out how hard it is to estimate how much healthcare costs will grow over time. And certainly, the up-and-down roller coaster like quality of this picture is…
Wallet Biopsy?
Do you feel like your out of pocket medical expenses are growing? You are not alone. Even for people getting Medicare, the amount of money coming out of patients pockets is growing too. And it is growing not only because all health care spending is growing, but also because patients are being asked to bear…
How Hospitals Turn Charity Care Into Profits — At Taxpayers' Expense
Sometimes it is hard for hospitals to provide expensive care to poor patients. When a low-income patient needs $20,000 of chemotherapy, a hospital loses money if that patient cannot pay for the medicine, or pays through Medicaid, with its relatively stingy reimbursement. Fortunately, the federal government created a program for hospitals that care for a…
Competition at Work!
Recently, pharmaceutical companies have been pricing many of their products at astounding values. A couple years ago, in fact, an amazing new hepatitis C drug came to market priced at about $90,000 per patient. But since that time, several other companies have come to market with competing products. That has brought the overall price of…