- Coming to the market soon: noninvasive, AI-powered brain decoders that can translate into text the unspoken thoughts swirling through our minds.
- Another argument that FDA approval for new drugs should depend on safety alone, not efficacy.
- The US Vaccine Injury Compensation Program has a 10-year backlog of claims.
- “…the student loan program, as currently written, is looking to be one of the most costly, inefficient and unwise government programs of the 21st century.”
- More than half of all rural hospitals no longer deliver babies.
Category: Public Insurance
Obamacare’s Three Key Failings
- Obamacare worsened the quality of individual market health insurance and caused millions of people to replace better coverage with worse coverage. Obamacare substantially raised premiums and deductibles and most plans exclude top hospitals and doctors.
- The rising costs from Obamacare led more small businesses to drop health insurance.
- The law’s coverage expansion now costs taxpayers more than $200 billion a year — almost all of which are subsidies to health insurers — without improving health outcomes.
Source: Brian Blase
The Cost of Price Controls on Drugs
We conservatively find that the IRA’s policy to set prices at 9 years after market entry for select small molecule drugs will reduce their expected revenues in the U.S. market by 8.0%, which implies a reduction in R&D investment of almost 12.3%, or $232.1 billion over 20 years. Over the same time frame, we conclude that there will be 188 fewer small molecule treatments, including 79 fewer new small molecule drugs and 109 fewer post-approval indications for these drugs. We find that this forgone innovation is expected to lead to 116.0 million life years lost due to the missed opportunities to improve health.
Tuesday Links
- Under no-give, no-take, people who sign their organ donor cards get priority should they one day need an organ.
- Social spending as a percentage of GDP has increased in basically every country that we have data for over time.
- Is there a relationship between penis length and IQ? HT: Tyler
- Masturbation is healthy.
- Why are so many pedestrians getting killed? Are cell phones to blame? (NYT)