- During the pandemic, government payments for social benefits rose by $1.5 trillion, or 47%, between 2019 and 2021. At the same time, the official poverty rate rose to 11.6% from 10.5%.
- Using a consistent measure of poverty, AEI researchers find that only 1.6% of the population lives in poverty, well below the official poverty rate of 10.5%.
- The case for a value added tax.
- Likely scenarios if the government seizes drug company patents: They’re all bad.
- New technology can identify genetic defects before Invitro Fertilization begins.
- “Canadian woman is diagnosed with cancer, told she has 2 years to live at most, that she is not a candidate for surgery but would she like medical help committing suicide? She declines, comes to the United States, spends a lot of money, and is treated within weeks.”
Category: Cost of Healthcare
Saturday Links
- More details on Biden’s plan to seize drug company patents.
- Update: 2 million, rather than previously reported 1 million, Social Security retirees got clawback letters last year.
- First-ever gene editing therapies approved to cure sickle cell disease.
- Canada’s system of socialized medicine now has the longest wait times to receive medical treatment ever recorded.
- Scholarly studies: consumer directed health plans reduce health care spending by approximately 5–15 percent relative to similar plans with lower deductibles and without spending accounts.
Biden Administration Stalling Trump’s Drug Reimportation Rule
It is true that Americans pay the highest price for drugs of any country. If you want to know why, buy an economics textbook and read up on price discrimination, price controls and the effect of third-party payment on medical prices.
Friday Links
- Tyler Cowen on the three university presidents testifying before Congress: “Overall this was a dark day for American higher education.”
- Biden Plans to Revoke Drug Patents to Lower Prices.
- How doctors get paid.
- Study: Children with liberal parents are more likely to suffer mental health problems.
- How does having too much to drink or eating a large meal prior to bed affect your sleep? A sleep tracker can tell you.
- A new way of harvesting organs – doctors take them before the donor is brain dead.