“…the average American household paid drug manufacturers $616, which was subsequently invested in R&D in 2021. By contrast, the average household in Canada paid drug manufacturers just $59.”
Source: America First Policy Institute
Category: Cost of Healthcare
Tuesday Links
- Primary care physicians providing a higher proportion of telehealth visits cared for more Black, Hispanic, dual-eligible, and medically complex patients.
- To make telehealth access permanent for Medicare patients, let the rate be lower than the rate for in-office visits.
- Mobility: More than three out of four Americans (76.8%) will be in the top 20% by income for at least one year between ages 26 to 60, and about one out of three will be there for ten years or more!
- “We show how fraud is driven by a combination of inadequate (expected) penalties for fraud and imperfect reimbursement rates.”
Monday Links
- The Government Accountability Office has calculated that over the past 20 fiscal years, the federal government has paid more than $2.8 trillion in improper payments. Over 53 percent of reported fiscal year 2024 improper payments originated from the Medicare and Medicaid programs.
- Public school finance: Where is all the money going?
- China is now the second largest producer of new pharmaceuticals.
- Alan Simpson: Politics is derived from Latin. Poli means many and tics means blood-sucking insects.
- Need surgery? Monday is a lot better than Friday.
- 97% of young adults who follow the Success Sequence escape poverty by their late 20s and early 30s.
It’s Not Just Patients, Doctors too are Frustrated with Our Health Care System
News flash: Doctors hate our health care system as much as patients! I am going to make a bold, unsubstantiated claim that doctors hate it for different reasons than patients, however. About a month ago I blogged about patients losing trust in their doctors. It is not that I do not trust my doctors. It’s that I worry they have divided loyalties considering nearly three-in-four work for a hospital or a hedge fund.