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: Public Insurance
Monday Links
- “The expected value of any net impact assessment of any large-scale social program is zero.” Recommended.
- Most or all of health care spending by people with health insurance would occur even under an indemnity policy – allowing them to take cash instead of care.
- Why don’t people buy their health insurance and their life insurance from the same firm?
- 81 countries have fertility rates below the population replacement rate of 2.1 births per woman of child bearing age.
- From 1975 to 2019, there was a 58% reduction in breast cancer mortality: 25% due to screening and 75% due to treatment.
Saturday Links
- Dr. Francis Collins (Fauci’s boss) changes his tune: Covid-19 may have come from a Chinese lab.
- Just how much are the elites out of touch with the rest of America?
- Eleven states plus Washington, D.C. provide full health insurance coverage to more than 1 million low-income immigrants. regardless of their legal status.
- A review of more than 120 academic papers on Certificate of Need (CON) laws found that 89% of results were negative or neutral, and that negative effects were five times more common than positive effects.
The Advantages (and Disadvantages) of Medicare Advantage
Traditional Medicare has advantages and disadvantages. Traditional Medicare involves Part A (hospitalization) Part B (doctors and clinics), Part D (drugs). Parts B and D require additional premiums. Furthermore, traditional Medicare has unlimited cost sharing, that runs 20% of the total cost. Most enrollees in traditional Medicare opt to buy a separate supplemental insurance policy to cover their cost sharing.