Obamacare mandated health plans have drug coverage. That drug coverage is basically worthless because high-deductibles and coinsurance (i.e. cost-sharing) ensures that most enrollees are paying for all of their prescription drugs out of pocket. Drug plans under Obamacare plans usually have tiered formularies and drug copays that vary based on the drug. When picking up a prescription it is often cheaper to whip out a drug discount card and pay cash than to whip out your health plan ID card and pay a copay.
Category: Consumer-Driven Health Care
Why the FDA Created the Baby Formula Crisis
In shutting down the Abbott plant, the FDA was acting from a zero-risk mentality in its own bailiwick—protecting infant formula from factory contamination—with zero regard for costs and risks that would be somebody else’s problem. These include a nightmare for parents and a risk of malnutrition for thousands of newborns, particularly those in need of doctor-prescribed formulas that only the Michigan factory produced.
Prosecuting Medical Fraud or Policing for Profit?
A recent press release by the U.S. Attorney’s Office, Southern District of Florida blasted the headline, Fraud Scheme Involving Baby Formula Leads to 18-Year Federal Prison Sentences for Swindlers. Health care fraud in South Florida should come as no surprise. With its large Medicare population, South Florida is a haven for all manner of medical fraud…