- Hospital patients do better if they brush their teeth.
- Florida’s plan to import drugs from Canada is limited to state employees. It does not apply to the uninsured or to those with private coverage.
- Google cofounder Larry Page once accused Tesla CEO Elon Musk of being a “specieist,” who preferred humans over future digital life forms.
- More on whether AI will take over and kill all the humans.
- More evidence that bureaucracy is no substitute for real markets: “There was no evidence of a differential change in thirty-day mortality among all Medicare beneficiaries with targeted conditions at high-proportion Black hospitals versus other hospitals seven years after the implementation of the [Value Based Purchasing] Program.”
Category: Cost of Healthcare
The Corporate Practice of Medicine and a Physician Cartel is a Bad Combination for Patients
Physician licensure has created a cartel. There I said it and I said it out loud. The right to practice medicine has high barriers to entry, both in terms of high standards and high costs. It takes 7-to-11 years beyond college to train a new physician, but it really begins long before medical school.
Tuesday Links
- Why do Academic medical centers fail to succeed in value-based care? My theory: they function more like universities than like real businesses.
- If a vaccine is in limited supply and has to be rationed, does it make sense to give people partial doses?
- Covid spending correlates with inflation rates across 37 countries.
- Pournelle’s Iron Law of Bureaucracy states that in any bureaucratic organization there will be two kinds of people: those who work to further the actual goals of the organization, and those who work for the organization itself. The second type of person will always gain control of the organization. HT: Arnold Kling
Does Medicare Underpay Physicians? Yes, No and Sometimes
There is a shortage of physicians in the United States. There is especially a shortage of primary care physicians willing to treat Medicare enrollees. People nearing the age of Medicare eligibility are often advised to begin searching for a primary care physician who accepts Medicare a year ahead of time.
Data published in 2020 by the Association of American Medical Colleges estimates that the U.S. could see a shortage of 54,100 to 139,000 physicians by 2033. That shortfall is expected to span both primary- and specialty-care fields.