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: Policy & Legislation
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…
A Health Reform Whose Time Has Come
The basic idea: take all the spending and tax subsidies we now provide to private health insurance and use that money to give every American not on a government health plan a refundable tax credit. This money could be used to purchase health insurance and make deposits to Health Savings Accounts, from which people could purchase health services directly. Rep. Pete Sessions has a bill that would do just that. More
Why “Testing to Treat” for Covid Isn’t Working
This is Larry Kotlikoff at Forbes:
We now have wonderful new drugs to treat COVID. Paxlovid, produced by Pfizer, is an example. But half of these medications aren’t being prescribed. Indeed, many go to waste, sitting on the shelves of pharmacies until their expiration dates.