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The Goodman Institute Health Blog

Category: Cost of Healthcare

China has Health Savings Accounts

Posted on February 27, 2023February 27, 2023 by John C. Goodman

And they have had them for a decade. As the New York Times explains:

Companies typically contribute to the pools an amount equal to as much as 9.8 percent of a worker’s salary…. The employee insurance pools currently forward about a third of the money they receive from employers to personal health accounts, and spend the remaining two-thirds on hospitalizations and other expenses. Employees also put about 2 percent of their paychecks into their health accounts until they retire.

While the pooled employee funds in many cities are depleted, personal health accounts across China have accumulated more than $130 billion.

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Monday Links

Posted on February 27, 2023 by John C. Goodman
  • After the government took steps to raise the price and restrict the supply, opioid consumption and overdoses went up. Casey Mulligan explains why.
  • Sally Satel on “Social Justice Therapy.”
  • Health care worker shortages: Half of the states, including all in New England and most in the Midwest, have health care employment lower than three years ago.
  • Who does AARP really represent? It backed the IRA bill – taking $280 billion away from Medicare and spending the money on heath insurance subsidies for the well-to-do and special interest green energy projects.
  • U.S. Energy Dept: the coronavirus most likely came from a lab leak.
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Amazon Wants to be Your Primary Care Provider

Posted on February 25, 2023 by Devon Herrick

What living man or woman has done more to make your life better than any other person? This is probably not something you have thought about. Most people would likely say their parents, although my parents are no longer living. I’ve thought about this question and I have a definitive answer: Jeff Bezos. Yes, Jeff Bezos. An Amazon truck stops at my house on a daily basis dropping off purchases, sometimes multiple items per day. In the early 1990s who would have thought that in the future you could go to a website and choose among 353 million products, most of which are priced lower than you can find locally. Furthermore, the prices elsewhere are lower than they otherwise would be because of the competition created by Amazon. In addition, these products are delivered to your doorstep, sometimes only a day or two after you ordered them.

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Saturday Links

Posted on February 25, 2023February 25, 2023 by John C. Goodman
  • Study: GoodRx often beats Mark Cuban’s Cost Plus Drugs on low prices.
  • In the past century, human heights have skyrocketed. Globally, humans grew an average of about 3 inches. In South Korea, women grew an astounding 8 inches and men grew 6 inches on average.
  • Near 100% marginal tax rates for the wealthy and a return to the 35%  corporate income tax would not be enough to save Social Security and Medicare. (NYT)
  • Democratic senators want the Biden administration to close down short-term insurance plans by reinstating Obama’s executive order. (gated)
  • Study: Because of burnout, workload, and other stresses, 20 percent of physicians and 40 percent of nurses say they plan to leave their practice within two years.
  • There are actually such things as lazy ants – but they serve a purpose.
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For many years, our health care blog was the only free enterprise health policy blog on the internet. Then, when the NCPA closed its doors, the health blog stopped as well.

During this five-year hiatus no one else has come forward to claim the space. So, my colleagues and I have decided to restart the blog in connection with the Goodman Institute. We invite you and others to use this forum to share your views.

John C. Goodman,

Visit www.goodmaninstitute.org

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