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The Goodman Institute Health Blog

Category: News and Events

Doctors: Friends Don’t Let Friends Ride Bicycles Stoned

Posted on September 26, 2022 by Devon Herrick

From 2019 to 2020 more than 11,000 patients were treated in hospital emergency rooms for bicycle accidents while high on methamphetamine, marijuana or opioids. Some were also drunk or had been drinking alcohol.

The most common drugs found were methamphetamine (36%); marijuana (32%); and opioids (19%). Nearly a quarter of injured bikers had also been drinking alcohol, the study found.

Researchers speculate that some of the crash victims may have suffered fatal injuries.

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Non-Profit Hospitals Earn Big Profits, Many Don’t Provide Much Charity Care

Posted on September 26, 2022 by Devon Herrick

More than half of the nation’s 5,000 hospitals operate as not-for-profit entities. In theory non-profit hospitals get an exemption from income tax, property tax, sales tax and get preferential financing because they provide a public service to the communities in which they operate. I worked for a large non-profit hospital system years ago and a financial analyst did the math and estimated our tax exclusion was worth something like $100 million a year. In return for the huge tax advantage all the hospital had to do was provide between 4% and 5% of net revenue in charity care for low-income patients.

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340B Explained

Posted on September 26, 2022 by John C. Goodman

This is priceless:

Thanks to 340B, Richmond Community Hospital can buy a vial of Keytruda, a cancer drug, at the discounted price of $3,444… But the hospital charges the private insurer Blue Cross Blue Shield more than seven times that price — $25,425, according to a price list that hospitals are required to publish. That is nearly $22,000 profit on a single vial.

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Monday Links

Posted on September 26, 2022September 25, 2022 by John C. Goodman
  • How are state universities just like hospitals?  Unflattering.
  • More empirical evidence of their similarity. Also unflattering. (NYT, gated)
  • Fraudsters may have stolen $45.6 billion from the nation’s unemployment insurance program during the pandemic.
  • The official child poverty rate is 15.3%; but if you count all the transfers programs, the actual poverty rate is about 2%. (WSJ, gated)
  • Sitting all day can erase the benefits of a workout.
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For many years, our health care blog was the only free enterprise health policy blog on the internet. Then, when the NCPA closed its doors, the health blog stopped as well.

During this five-year hiatus no one else has come forward to claim the space. So, my colleagues and I have decided to restart the blog in connection with the Goodman Institute. We invite you and others to use this forum to share your views.

John C. Goodman,

Visit www.goodmaninstitute.org

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