Demand curves are downward sloping. There I said it! It’s apparently controversial to many public health advocates and Members of Congress. All the while, supply curves slope upward. If you don’t know what I’m talking about you should not have slept through your Econ 101 class in college. You can boil this down to “people buy less when prices rise” and “incentives matter.”
Category: Devon Herrick
The Good and the Bad of Medicaid Long Term Care Estate Recovery
I went to stay with an old friend and his family for the 4th of July holiday weekend a few years ago. The house next door was a little overgrown because my friends’ neighbor had gone into a nursing home. A year or so later I was back visiting for the weekend when the neighbor’s son was moving into the house after his father died. I heard a similar story with a neighbor of mine, when both parents spent time in a nursing home before they died. When the last parent died their only asset was a house, which was later sold, and the proceeds split among their offspring. In both cases I wondered why the state was in the business of protecting inheritances for families who turned to Medicaid for their parents’ long-term care.
The Good (and Bad) of Remote Patient Monitoring
When telephones began to appear in American homes and businesses physicians were one of the early adopters. As health insurance began to spread patients became more reluctant to pay out of pocket for services not covered by their health plans. For their part, health insurers were reluctant to reimburse for services outside the usual and customary practices. At some point midcentury doctors stopped routinely talking to their patients on the phone because nobody wanted to pay them for the service. If you stop and think about it nothing could be more inconvenient – and antiquated – than having to make a doctor’s appointment to record routine health information. What if your car speedometer could only reveal your speed once you pulled back into your driveway, and then only one snapshot in time during your most recent trip. Over time payer reluctance to reimburse for telemedicine began to slowly change and covid accelerated the transition.
Medical School Graduates Spurned by a Residency: Not a Match Made in Heaven
Today is Match Day 2024 for recent medical school graduates hoping to snag the residency program of their choice. This week the National Resident Matching Program (Match) informed 50,413 medical school graduates whether they matched to their preferred program or have to wait another year (or give up).