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The Goodman Institute Health Blog

Tuesday Links

Posted on October 1, 2024October 1, 2024 by John C. Goodman

Florida doctor accused of fatally removing the wrong organ from a patient has license suspended.

The average chief executive in a publicly traded health care company earned $11 million. The median was $4.1 million. (StatNews)

Nonprofit hospitals avoided paying $37.4 billion in taxes in 2021.

The penalty for not signing up for Medicare drug coverage: Those not enrolling in a Part D or Medicare Advantage plan or entering these programs after they are initially offered at age 65 pay an additional monthly “drug coverage premium” penalty equal to the monthly cost of the plan in perpetuity. That is a big financial stick!

1 thought on “Tuesday Links”

  1. Bart Ingles says:
    October 2, 2024 at 7:38 pm

    I don’t know how the author came up with that description of the Part D late enrollment penalty. According to Medicare,

    “The cost of the late enrollment penalty depends on how long you went without Part D or creditable prescription drug coverage.
    Medicare calculates the penalty by multiplying 1% of the “national base beneficiary premium” ($34.70 in 2024) times the number of full, uncovered months you didn’t have Part D or creditable coverage. The monthly penalty is rounded to the nearest $.10 and added to your monthly Part D premium.”

    I suppose you can avoid the penalty by never enrolling.

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