- Cato: “We estimate that the [Inflation Reduction Act] will cost more than $1 trillion over the next 10 years and between $2 trillion and $4 trillion by 2050.”
- Despite a bumpy start, hospital price transparency requirements are having an effect: a movement toward price convergence.
- How health insurers use AI to deny health care claims.
- MAGA opportunity: McKinsey estimates the global market for “consumer wellness” products at $1.8 trillion—making it roughly twice the size of the pharmaceutical industry
Category: Artificial Intelligence and Healthcare
Hospital Electronic Pharmacy Systems are a Source of Medical Errors
Hospital pharmacies are highly automated. When a hospital-based physician orders a drug, it is entered into the pharmacy system and the medication loaded into the cart. At least that’s how it’s supposed to work. It’s does always work right, according to a new study.
Thursday Links
- If a “race neutral” standard were used, hundreds of thousands, if not millions, of Black Americans would be classified under the newer race-neutral equation as having more severe emphysema, greater medical impairment, more occupational disqualifications, and higher disability payments because of their newly classified lung disease.
- Following the passage of the No Surprise Act, some surprise bills are costing insurers more than before the act was passed, possibly by as much as 50 percent above prevailing in-network rates.
- Oracle’s AI backed Electronic Medical Record system can draft clinical documentation, propose next steps like lab tests and follow-up visits, and pull data from notes to automate coding.
- US Nonprofit hospitals have widely varying criteria on who qualifies for free and discounted charity care.
Little Evidence Social Media is Behind Teen Angst
When transistor radios became small enough to keep in a kid’s bedroom parents probably worried about lost sleep. When I was a teen, I recall watching my 12” black & white TV with the brightness turned down, an earpiece to conceal sound and a remote power off switch so I could quickly shut it off should my mother check on me. Yes, I often lost sleep. A family member relocated their router to the master bedroom so they could shut it off at night. They didn’t want their teen awake gaming at all hours. All the angst over social media just sounds like yet another form of entertainment for parents to blame for teen behavior.