21.3 million Americans with high (and likely unaffordable) deductibles and narrow access to doctors and drugs. The vast majority of whom are having their premiums paid, in whole or in part, by taxpayers. It’s worth pointing out that many of the new enrollees are likely people who did not enroll when the premium was 2-4% of their income but do when coverage is given to them for free. The data below does not yet have 2024 (breakdown by income has not been released yet), but I’d bet the trend holds.
Category: Policy & Legislation
Thursday Links
- Can medical expenses be crowdfunded?
- Study of treatment facilities for adolescents with opioid use disorder: nearly 40 percent had no beds immediately available or offered a waitlist, with a mean wait time of 28.4 days. Only 57 percent accepted Medicaid. We are becoming more like Canada every day.
- David Frieman on historical “facts” you have probably heard about (and even seen depicted in movies) that are actually myths. Fun reading.
- The Geothermal energy solution: “There’s 41 times more heat energy in the earth’s crust than that of all known petroleum and nuclear fuel reserves. What’s more, the energy of that sun beneath our feet is carbon-free and potentially available all day, every day.”
- More on abolishing the FDA.
The Corporate Practice of Medicine and a Physician Cartel is a Bad Combination for Patients
Physician licensure has created a cartel. There I said it and I said it out loud. The right to practice medicine has high barriers to entry, both in terms of high standards and high costs. It takes 7-to-11 years beyond college to train a new physician, but it really begins long before medical school.
Does Medicare Underpay Physicians? Yes, No and Sometimes
There is a shortage of physicians in the United States. There is especially a shortage of primary care physicians willing to treat Medicare enrollees. People nearing the age of Medicare eligibility are often advised to begin searching for a primary care physician who accepts Medicare a year ahead of time.
Data published in 2020 by the Association of American Medical Colleges estimates that the U.S. could see a shortage of 54,100 to 139,000 physicians by 2033. That shortfall is expected to span both primary- and specialty-care fields.