Stat News ran an article on hospital parking. It’s like adding insult to injury. In addition to patient care, hospitals are also in the business of making money off parking lots. People have no other option than to park their cars in hospital-owned lots when visiting a hospital or the medical office buildings nearby. There is even a Reddit group complaining about hospital parking fees. According to Stat News:
Category: Health Economics & Costs
Tuesday Links
- Paragon study: In 2023, the federal government is expected to spend 6.2 percent of the economy (or more than $1.6 trillion) on mandatory health programs. The Congressional Budget Office (CBO) estimates that within 30 years, the federal government will annually spend at least 9 percent of the economy on those programs. And this is a conservative estimate.
- A little-noticed provision of the omnibus spending bill could give the Food and Drug Administration (FDA) the power to ban off-label use of approved therapies, even though 1 in 5 prescriptions written are for an off-label use.
- Study: Laughter really is contagious – and that’s good. (WaPo)
- Diversity training not only doesn’t work, it may actually backfire. So why are we spending $3.4B a year on it? (NYT)
- Fourth Quarter lobbying: almost $7 million by the American Hospital Association and $6.6 million by PhRMA. As Milton Friedman said, the question is not why we get so many bad laws; the question is, why aren’t things worse?
- Amazon will sell generic drugs for as little as $5 a month. But, no Medicare or Medicaid or private insurance.
- 25 of the 37 novel drugs approved in 2022, were first approved in the US.
The Cost of Lockdowns
A new Stanford study looking at the 2022 National Assessment of Educational Progress found “eighth-grade math fell for every state, with a national average decline of eight NAEP scale score points” or enough to wipe out all the gains made since 2000. So much for “no child left behind,” and other slogans that were going to fix our public schools.
We will continue to pay for the lockdowns for years to come. “Students on average face 2 to 9 percent lower lifetime income” depending on where they went to school and the states are estimated “to face a gross domestic product that is 0.6 to 2.9 percent lower each year for the remainder of the twenty-first century.”
From the Committee to Unleash Prosperity
Artificial Intelligence Mental Health Counseling Chatbot Worked Well Until Patients Found Out
On January 2nd I wrote about an electronic health records (EHRs) suite designed for mental health counselors. I even joked that perhaps a future version would include a mental health counselor chatbot. The following is what I had to say on the matter: