Medical prices rise three times the rate of consumer inflation, while medical expenditure consumes nearly one-fifth of our economy. A primary reason wage growth has stalled in recent years is because the cost of employer-sponsored health coverage has skyrocketed. The average cost for an employee health plan for a family is about $25,000 according to Kaiser Family Foundation
Author: Devon Herrick
Consumers are Dropping Obamacare Due to the Poor Value
The Wall Street Journal reports Centene, a purveyor of Medicaid and Obamacare plans, is facing an earnings crunch as healthy Americans are dropping coverage because it is such a bad value.
Medicaid is Not a Jobs Program; Cuts Would Only Slow Growth
The Medicaid program was originally intended for poor people and low-income children. Refocusing Medicaid’s mission to better serve its core population would boost their access to care. It would hopefully encourage primary care through physicians’ offices rather than emergency rooms.
Deregulation Made a Tech Breakthrough Possible: Glasses with Built-In OTC Hearing Aids
Times have changed and technology has allowed hearing devices to become much smaller. The Wall Street Journal reports Nuance Audio – the company that owns Ray-Bans and LensCrafters – recently rolled out a new product that combines prescription eyeglasses with built-in OTC hearing aids. The photo of me is from Nuance Audio’s website, which allows consumers to try on their glasses virtually.