- 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
Category: Health Insurance
Medicare Advantage is Popular with Seniors, but Not Doctors and Hospitals
Hardly a week goes by but what I read something critical of Medicare Advantage (MA) plans. MA plans have become somewhat politicized with Democrats preferring government-run (traditional) Medicare, while Republicans like the idea of competition among private plans. Here is the thing that critics forget: MA plans are popular with seniors. They are growing and now cover more than half of all people enrolled in Medicare, about 31 million seniors and disabled individuals.
FTC Moves Against Private Equity-Owned Physician Practice Cartels
The Federal Trade Commission (FTC) is beefing up its scrutiny of private equity investments in health care. This past September the FTC sued U.S. Anesthesia Partners (USAP) and the private equity firm Welsh, Carson, Anderson & Stowe in Houston federal court. The investors are accused of buying up a significant portion of large anesthesia practices in major Texas cities, allowing them to aggressively boost prices. FTC chair, Lina Khan, claims private equity investors “bought up the largest anesthesiology practices, then jacked up prices and entered into price-setting and market-allocation schemes.” Research has found that physician prices rose due to private equity investments.
Wednesday Links
- Kaiser: the average annual premium for employer-sponsored family health insurance coverage was $23,968 in 2023.
- Study: Fentanyl “accounts for 90% of all opioid deaths… We show that a substantial amount of fentanyl smuggling occurs via legal trade flows.”
- In 2021, the U.S. spent $1,432 per capita on pharmaceuticals compared to only $517 in the UK. One reason: the value of a statistical life in the UK is pegged at £20,000 – £30,000, compared to $100,000 – $150,000 in the US.
- Headline I wish hadn’t seen: New York City will pay homeowners up to $395,00 to build an extra dwelling in their garage or basement to help ease the housing shortage.
- Gene Steuerle’s NYT piece on how much seniors get from the government’s elderly entitlement programs is no longer behind a paywall. Fascinating graphs.