Medical debt is the most common third-party debt collections listed in credit reports, at 58% of debt in collections. There are no reliable estimates of the number of patients sued or exposed to debt collection harassment, but it could number into the hundreds of thousands each year.
Category: Drug Prices & Regulations
Are Drug Companies Bribing Patients?
Bribery is common in some parts of the world, but bribes are illegal in the United States. Bribes are a form of corruption. That is, paying a bribe corrupts an otherwise market-based, competitive transaction.
Doctors as Slave Labor
For many years Cuba has been sending doctors to practice medicine in other countries. Yet far from being a humanitarian exercise, Cuba has actually been engaging in human trafficking for profit.
Insulin
Before a Trump executive order, employers could not provide free or subsidized insulin to their diabetic employees without sacrificing the employees’ right to have a Health Savings Account. This meant that employees had to spend their entire health insurance deductible out of pocket before any employer cost sharing took effect. The Trump administration’s change leaves employers and employees free to engage in the kind of cost-sharing arrangements that make economic and health care sense.