Coworking spaces go back decades even if the name was changed to give the idea an aura of originality. One thing that is new is the concept is now being tailored for physicians. This is where an old idea gets interesting. Increasingly, physicians are opting to work for hospitals, large practices they don’t have a stake in and other employers whose interests may not align with their patients’. The reason many physicians are becoming employees rather than self-employed is because the financial cost of setting up an office is prohibitive, not to mention the headache of managing a small clinic.
Category: Cost of Healthcare
Prior Authorization Seems to Work for Drugs
We study the trade-off between bureaucratic costs and reductions in moral hazard induced by managed care tools in healthcare…. Prior authorization reduces a drug’s utilization by 26.8%. Half of marginal beneficiaries are diverted to another related drug, while the other half are diverted to no drug. These policies reduced drug spending by $96 per beneficiary-year (3.6% of drug spending), while generating approximately $10 in paperwork costs. Revealed preference approaches suggest that the net cost savings exceed beneficiaries’ willingness to pay for foregone drugs.
Wednesday Links
- The future of telehealth: Just 6% of U.S. adults said they prefer a virtual-only care model. But 35% of consumers prefer a hybrid approach.
- The gender occupational fatal injuries gap: Should the government act to correct this?
- Biden administration air conditioner regs make purchase and repair more expensive – putting home owners and workers at greater risk during heat waves.
- Lack of DEI in opioid treatment: White adults were 14 times more likely to receive medicine than Black adults. Men had 6 times the likelihood as women.
Anything the government operates or subsidizes has exploding costs
Anything the government operates or subsidizes has exploding costs. So health care and education are the components of the economy with the steepest rise in prices over the last 25 years. Education is 75% run by the government and health care is 50% government.