President Trump recently announced his intend to combat fraud within the federal health agencies, including Medicare and Medicaid. This is long overdue. As was posted earlier on the Goodman Institute Health Blog, fraud is a function of: 1. the expected penalty for fraud, 2. imperfect reimbursement rates. These are consistent with the opinion of Jacob Elberg, formerly an assistant U.S. attorney.
Category: Devon Herrick
Bill Gates: AI Will Replace Doctors in 10 Years
Physicians used to be patients’ primary source of health information. Nowadays, people look up diseases and conditions online, learning more in a few minutes than their doctors would ever have time to explain. More than half of Americans (58.5%) used the Internet to look up heath information in 2022. Artificial intelligence (AI) has the potential to make diagnosis even easier. Microsoft founder, Bill Gates even thinks AI will be able to replace your doctor in 10 years.
Read more at:
- People: Bill Gates: AI Will Replace Doctors, Teachers in Next 10 Years
- Harvard Magazine: Bill Gates on AI and Innovation
Trump Executive Order to Boost Price Transparency of Hospitals and Health Plans
Price transparency is the natural response when firms compete for consumers on the basis of price, quality, and other amenities. Firms competing for consumers do not have to be required to disclose prices, they lose business when they fail to reveal prices. The U.S. healthcare system is not competitive, however. Thus, firms either believe price transparency is of no use to them, or they realize it actively reduces profits.
Your Odds of Getting Dementia are Falling, Even Though Absolute Cases are Rising
Yes, you read that correctly. Dementia is declining. The prevalence of dementia is falling, even as the absolute numbers of dementia cases are rising due to population growth.