Unbiased Analysis of Today's Healthcare Issues
Last week I reviewed a paper the sought to understand why people don’t buy health insurance. A key finding was that there health insurance purchase was correlated with income, but not perfectly. One reason was that the cost of other goods–especially housing–affected individuals ability to purchase insurance. The paper was getting at whether health insurance…
In short, most of them want to expand government payment for and control of health care in the United States. Looking at the top 10 candidates (Biden, Sanders, Warren, Harris, Buttigieg, O’Rourke, Booker, Klobuchar, Yang, Castro, Gabbard) according to recent polls captured on 538, I staked out the candidates current positions on reforming the health…
President Trump wants to allow more people be able to purchase lower cost health plans. Most of the media has focused on plans to make it easier to purchase short-term plans and association health plans. However, a recent final rule is also making it easier to use pre-tax dollars to fund premiums for individual health…
I am reading an interesting book called Our Man: Richard Holbrooke and The End of the American Century by George Packer. In the heat of the moment, however, how much of foreign policy is made based on rigorous academic research? but in foreign policy, in the heat of the moment, dealing with lots of misinformation,…
One piece of the Affordable Care Act (ACA) mandated that health insurance plans for individuals with yearly premiums exceeding $10,200 or family health insurance plans with premiums exceeding $27,500 would be subject to a tax. The tax originally was set to start in 2018, but has since been postponed to 2022. The Kaiser Family Foundation…
Louisiana has already begun adopting a “Netflix” pricing model to pay for Hepatitis C treatments. Rather than pay per treatment, Louisiana would pay a flat rate per month to access as many Hepatitis C treatments as they need. The benefit of this is (i) states have predictable budgets and (ii) manufacturers have predicable revenues. This…
What will Trump’s “favored nation” policy do to drug prices and innovation? How will 340B reforms affect the price hospitals charge for drugs? Myself and my colleague Jim Baumgardner weigh in with our thoughts in an article in FormularyWatch. “US drug prices will certainly fall. However, prices outside the US will rise,” Jason Shafrin, PhD,…
In general, health economists would like to have health insurers cover treatments that are welfare improving in the Pareto sense. This means, if a treatment provides more expected benefits than costs and no one is worse off (in expectation), then this treatment should certainly be covered. It could be the case, however, that people care…
As the N.Y. Times reports, more transparency is coming to provider prices. The White House released an executive order Monday afternoon intended to require insurance companies, doctors and hospitals to give patients more information about precisely what their care will cost before they get it. More transparency is generally good and surprise billing for out-of-network costs has been a major…
This question is difficult to answer. In many countries with government provided health care, wait times are long. For the Veterans Affairs (VA) beneficiaries, this does not seem to be much of an issue according to a Penn et al. (2019) study covering wait times between 2014 and 2019: Although wait times in the VA…