- CBO: Medicaid spending on illegal aliens has cost Taxpayers over $16.2 Billion in the last three years.
- o1 is the first AI to outperform PhD-level scholars on the toughest Graduate-Level Google-Proof Q&A Benchmark and to excel in solving International Mathematics Olympiad problems.
- AEI: When the social Security Trust Fund becomes exhausted in 2033, most people assume the Treasury will reduce everyone’s monthly benefit check by 21%. In fact, the administration can means test the reduction – protecting the lowest income recipients at the expense of the highest – without any act of Congress.
- In OMB’s new cost benefit analysis, higher income people get lower weights than lower income people. Viscusi on why that matters and what can go wrong.
Category: Cost of Healthcare
Study: Nearly Half of Cities are Dominated by only One or Two Large Hospital Systems
The U.S health care system consumes nearly one-in-five dollars of income. The latest figures are Americans pay nearly $4.5 trillion annually for medical care. Of that, about one-third is spent on hospital care. That is about double the proportion of GDP spent on physician care and three times the amount spent on drugs.
Saturday Links
- Dr. Marty Makary: The best way to lower drug costs in the United States are to stop taking drugs we don’t need.
- The Longshoreman’s union negotiator makes nearly $900,000 dollars a year and owned a 76-foot yacht, and the modal longshoreman makes north of $150,000 a year. HT: Maxwell Tabarrok.
- After ten years, Bob Graboyes thoughts on health care system are highly relevant today.
- Who has it easier in the USA today? While 68% of Democrats believe men have the advantage, only 32% of Republicans agree.
- What quality ratings look like in the Medicare Advantage program. There are no quality measurements for traditional Medicare.
- What happens when private equity takes over the emergency room. (a negative opinion)
- Why telemedicine needs to cross state lines.
- Stem cell research was used to cure Type One diabetes.
One More Effect of the IRA Bill
Medicare Advantage plans are not included in the Biden Administration’s “demonstration project,” which effectively bribes insurers to not raise their out-of-pocket costs for drug coverage.
Source: Statnews