- Misinformation Update: One of the strangest aspects of the Covid pandemic was the early insistence by the WHO and the CDC that COVID was not airborne.
- Good news: since before the pandemic, Americans’ wealth is way up, and inequality is down.
- A positive view of doctor assisted suicide. (NYT)
- 55 percent of E.R. doctors say they have been physically assaulted, almost all by patients.
- New test says it can find cancer for $949. Why do some doctors think that is not a good idea? (WSJ)
Category: Health Insurance
OTC Hearing Aids Approved One Year Ago, No Thanks to the FDA
The U.S. Food and Drug Administration (FDA) finally got something right when it finalized rules allowing over-the-counter (OTC) hearing aids. Only kidding. The FDA can’t take credit for OTC hearing aids. It took the FDA five years after Congress passed legislation in 2017 forcing the FDA to create a category of OTC hearing aids.
Monday Links
- Who delays care because of cost? Only 29% with employer coverage; 37% with Obamacare; 39% with Medicaid and 42% with Medicare.
- Given an average waiting time of 2½ hours before being discharged, how can there be too many emergency care physicians?
- The “surprise billing” solution isn’t working: Only 4% of the roughly 90,000 payment disputes initiated between April and September have been resolved.
- A CMS rule change will lead to $700 million less savings than the CBO estimated when evaluating the act that allows Medicare to negotiate drug prices.
Are Older Americans Ripping Us Off?
When Social Security benefits were first paid in 1940, 46 percent of adult males couldn’t even make it to 65, and for those who did, the average additional life expectancy was less than 13 years. For a typical 65-year-old couple today, at least one partner, on average, will likely make it to 90 or beyond
For a typical 65-year-old couple, Social Security and Medicare benefits, adjusted for inflation, are worth over $1.1 million today, compared with $330,000 in 1960.