Monday Links

Which is the bigger problem: fraud or the price of drugs? In 2022, Medicaid programs made around $80 billion in improper payments, an incredible figure—almost twice Medicaid’s spending on prescription drugs ($44 billion).

Spending on drugs is a small and declining fraction (from 13% to 11% over the next ten years) of total Medicare spending. So why is it getting all the attention?

Economic superiority of Medicare Advantage over traditional Medicare.

How doctors get paid – and what’s wrong with it.