See this great piece by a reporter at Forbes discussing why rare disease treatments can cost as much as $400,000 per patient, per year. You will get a glimpse of my take on this topic too, but I plan on writing more about it in the future.
Thanks to the popularity of medical television shows, most people have witnessed hundreds of fictional cardiac arrests in their lifetime. In most of these scenes, the patient loses consciousness, and the medical team rushes to the bedside: “He’s in V-fib.” “Get me the paddles.” The team performs urgent chest compressions for a few seconds. Then…
In case you missed it, I am recirculating a picture put together by the Kaiser Family Foundation , which reveals two unsettling facts about health insurance in United States. First, the cost of employer-based health insurance has risen 61% since 2005. When health insurance premiums rise, salaries don’t. That’s a problem. Second, worker contributions have…
A new report out of Massachusetts concludes that people there are paying more for their health insurance, at the same time that the services covered by their insurance are declining. Here’s a picture from a Kaiser summary of the report: The Kaiser story also points out that a big problem in Massachusetts is that people…
Old news – healthcare costs are rising again. Older news – healthcare costs have been rising, faster than inflation, for most of the last half-century. Newer news – those costs are increasingly being born by employees rather than employers. Here’s a picture I came across at Vox, an excellent website for healthcare news.
If an antibiotic would cure your infection, your doctor would probably still warn you about the chance of sun sensitivity before prescribing the pill. But even when the costs of a medical intervention might force patients to choose between paying the bill or keeping up with their mortgages, American physicians rarely discuss that serious side effect with…
Jonathan Gruber went from unknown to infamous in the last few weeks, a result of disparaging comments he made about the Affordable Care Act (aka Obamacare) and even more disparaging ones he made about the American people. According to Gruber, the Obama administration counted on “the stupidity of the American voter” to pass the bill. In fact,…