Category: Health Economics & Costs

Equal Occupational Fatality Day

Posted on by John C. Goodman

“Equal Pay Day” calculates how much longer women must work going into this year, to earn what men earned last year, on the average. It occurred on March 14 this year, and was highlighted in Washington, D.C. with the usual liberal fanfare.

Naturally, the calculation ignores the fact that men and women work in very different occupations.

To demonstrate how much that matters, American Enterprise Institute scholar Mark Perry has calculated how many more years women would have to work in their selected occupations before they achieve the same death rate that men endured last year.

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Why Physicians in Training are Joining a Union

Posted on by Devon Herrick

Physician residency is a training program required in all 50 states before medical school graduates are allowed to practice medicine. Residency programs last from three to seven years depending on the specialty. Medical residencies are apprenticeships, where recent medical school graduates care for hospital patients under the direct and indirect supervision of senior doctors who train them.

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Is Medicare Running Out of Money?

Posted on by John C. Goodman

Here is the actual state of affairs.

Medicare Part A (hospital insurance) has a trust fund and a payroll tax.

For many years, the receipts from payroll taxes exceeded the benefits paid out. So, the trust fund was in surplus. The extra funds were spent on other government programs and special government bonds were created, but not the kind of bond that is bought and sold on Wall Street. They were basically IOUs the government wrote to itself.

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