Nearly 100 million people have health coverage through self-insured employer plans. Self-insured health plans are arrangements where large employers take on the risk of their employees’ medical costs rather than purchasing coverage through an insurer. One advantage of self-insurance is that self-insured plans are regulated by the federal government, rather than states laws. In addition, some employers may have healthy workers and can assume the risk of employee health needs cheaper than insuring them.
Category: Health Insurance
That Cheap Drug From Mexico (or Bought Online) May Not Be What You Think
Years ago I crossed into Mexico from Weslaco, Texas. You could park on the U.S. side and walk across the bridge into Mexico. If you pull up Weslaco on Google Maps it lists eight different pharmacies or clinics within several blocks of the international border crossing. Google Maps does not always list every business. There are probably more than eight. As I recall there were rows of pharmacies. The storefronts were often narrow but deep. On one side of the pharmacy was cheap drugs while on the other side was cheap liquor.
Biden Administration Stalling Trump’s Drug Reimportation Rule
It is true that Americans pay the highest price for drugs of any country. If you want to know why, buy an economics textbook and read up on price discrimination, price controls and the effect of third-party payment on medical prices.
Tuesday Links
- British Medicaid Journal: “The current body of scientific data does not support masking children for protection against COVID-19.”
- How the newspapers are getting life expectancy projections wrong.
- Cigna Removes Prior Authorization for 25% of Medical Services.
- Merrill Matthews explains why seniors are over-paying for drugs.
- Tiny robots made from human cells heal damaged tissue. HT: Tyler