Saturday Links

Milliman: the average family of four with employer-sponsored health insurance will pay—directly and indirectly—$31,065 in health costs in 2023.

Alzheimer’s drugs: “the ability to slow cognitive decline by a small but significant margin may not translate into a noticeable day-to-day difference for patients … at a price of $26,500 annually.”

American Compass founder Oren Cass on living standards decline: “Whereas 40 weeks of the typical male worker’s income in 1985 could provide the middle-class essentials for a family of four, by 2022 he needed 62 weeks of income—a problem, there being only 52 weeks in a year.”

AEI response: “While Cass’ estimates imply that cost-adjusted earnings have fallen by 36 percent, when we apply conventional inflation adjustment to median weekly earnings and look at all full-time workers, we find an increase of 33 percent before taxes and 53 percent after taxes.”

Is the exercise equipment industry one big scam?

Scott Sumners: the Covid lab leak theory has not been confirmed.