Imagine spending eight years after high school studying for your dream career. You apply to every medical school you can think of. If you don’t get into a cheaper state school, you apply to more expensive private medical schools. Some aspiring physicians even apply to schools in other countries. When you finally graduate you must then apply for graduate medical education (GME) training programs, which are required before you can practice medicine in all 50 states.
There is a new study at the Goodman Institute website that makes fascinating reading. Author Greg Rehmke writes:
Saturated fat as the major cause of obesity, diabetes, and cardiovascular disease in the U.S. and around the world. They promoted a low-fat diet with increased consumption of carbohydrates instead. Obesity in the US has been steadily increasing ever since.
I calculated what my ($4,000) Costa Rican dental work in 2021 would have cost in the United States. My back of the envelope math is about $12,000. Previous trips cost about $2,000 if I recall, including the implant, oral surgery with bone graft, panoramic x-ray, deep cleaning and two crowns. Basically, what would have cost more than $18,000 in Dallas was about $6,000 in Costa Rica. The quality is great and it was one-third the price.
The change: Under the ACA, the coinsurance rate in the “donut hole” is being reduced from 100% in 2011 to 25% in 2022.
The results: No change in drug use. No change in total spending. But seniors did switch from generic to brand drugs more often.
HT: Jason Shafrin