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Category: Cost of Healthcare

Monday Links

Posted on February 20, 2023February 20, 2023 by John C. Goodman
  • George Halvorson defends Obamacare (but mainly a reformed Medicare Advantage program).
  • Does the obese character in The Whale really deserve our sympathy?
  • Medicare Advantage enrollment is now 31.2 million – roughly half of the Medicare population.
  • DOL: The low-end estimate for improper (Covid) unemployment insurance payments – mostly fraud – is $191 billion.
  • Estimates attribute 15 – 30 percent of total national health spending to administration, with at least half  ($300 – $600 billion a year) demonstrated to be ineffective or wasteful.
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How Much Waste in Health Care?

Posted on February 19, 2023 by John C. Goodman

A recent analysis from the Peterson Foundation found that the U.S. is spending over $1,000 per person on administrative costs, “five times more than the average of other wealthy countries and more than we spend on preventive or long-term healthcare.”

A piece by Dr. Robert Kocher published in 2013 in the Harvard Business Review found that over 22 years (1990– 2012), there was a 75% increase in the number of workers in our nation’s health system, but the overwhelming majority (95%) were in non-doctor positions. In fact, for every one doctor there were sixteen non-doctor workers, and 10 of those were “purely administrative and management staff, receptionists and information clerks, and office clerks.” The sheer size of the administrative arm of American health care had become daunting.

Bill Frist at Forbes

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Saturday Links

Posted on February 18, 2023February 19, 2023 by John C. Goodman
  • The (health ) case against homelessness.
  • Lead poisoning is a worldwide problem.
  • The negative relationship between obesity and income is almost entirely driven by women. The relationship between income and weight is flat for men.
  • Finally the press gets its comeuppance in the Columbia Journalism Review for promoting the Trump-Russia hoax.
  • JAMA study: Medicare Advantage plans have higher quality and lower cost than traditional Medicare.
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More Americans Delay Care Due to Cost

Posted on February 18, 2023February 19, 2023 by Devon Herrick

It’s no mystery that Americans are paying a bigger share of their medical bills out-of-pocket these days. Health plan deductibles have about doubled in the past two decades. My 2023 health plan deductible is nearly $9,000. Some family plans have combined deductibles of $15,000. High deductibles are causing more Americans to delay medical care according to The New York Times.

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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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