Kaiser Health News reported that the Biden Administration is proposing new staffing standards for nursing homes. The new standards were prompted by assumptions that inadequate staffing led to the death of nearly 200,000 nursing home residents from Covid. I’m not convinced these data points are related but that never stopped government officials from using a natural disaster to boost regulations.
Category: Policy & Legislation
Thursday Links
- Pharma: Medicare drug price negotiation could slow the search for a cure for cancer.
- Good summary of the case against Medicare price negotiation.
- Economic freedom is positively correlated with civic virtue.
- Countries with the highest economic growth rates have the lowest birth rates.
- Skip the next business meeting: Google Meet video lets you send a bot to attend the meeting on your behalf.
- The U.S. has at least 600 fewer nursing homes than it did six years ago.
Saturday Links
- Paper straws have more forever chemical than plastic straws.
- CMS: ACOs saved Medicare $1.8 billion. That is 2/10ths of 1% of total Medicare spending. Think how much more would have been saved if ACOs were allowed to convert to become Medicare Advantage plans.
- CRFB: the federal government can save $370 billion over ten years by allowing health insurance subsidies for rich people in the (Obamacare) exchanges to expire by 2026.
- As a senator, Joe Biden voted to raise the retirement age and impose a tax on Social Security benefits.
- Should it be health care or healthcare? And why is it CMS rather than CMMS?
How Much Charity Care Should Nonprofit Hospitals Provide?
I began my career in health care working as an accountant for a nonprofit hospital. One of our senior finance executives did a case study of how much the heath care system saved compared to a for-profit system that had to pay taxes. I don’t recall all the details, but it was in the neighborhood of $100 million dollars in 1990. About that same time the accounting managers were told we could no longer write off bad debts to charity care. Charity care had to be granted to deserving patients; we weren’t allowed to decide after not getting paid that care must have been charity.