Health Care

Commentary

Competing To Save The Health-Care System Money

American seniors recently received some good news — they won’t be seeing higher premiums in 2012 for their Medicare prescription drug benefits. In fact, the rates they pay for prescription drug coverage under Medicare Part D will decline this coming year, according to the U.S. Department of Health and Human ...
Business & Economics

The Federal War Against Medical Technology

At about $75 billion annually, U.S. private-sector investment in medical technology is substantial, and a large body of research demonstrates that the economic returns to these investments are enormous. But emerging federal policies are likely to create powerful disincentives for the research and development of medical innovations, in particular, pharmaceuticals ...
Commentary

The Latest ObamaCare Assault On Health Care Innovation

The list of health services that ObamaCare requires all insurers to cover without co-pays or deductibles keeps growing. The latest additions include an array of “women’s wellness” services and products: birth control, breast pumps, domestic violence counseling, and more. Of course, these additional benefits aren’t really “free.” They drive up ...
Business & Economics

Police beating sparks needed national debate

The latest cheesy TV cop series, “Against The Wall,” is about a Chicago woman from a family of police officers who becomes a detective in the department’s internal-affairs unit. This causes outrage among her police brothers and dad, who view internal oversight work as treasonous. The trailer is filled with ...
Commentary

Counting Up ObamaCare’s Health Cost Inflation

It’s time to add yet another study to the growing list of research showing that ObamaCare isn’t delivering on its grand promises. In the July issue of the journal Health Affairs, Medicare’s actuaries released new estimates of the rate of growth of national health costs. Surprise, surprise — they’re projected ...
Commentary

Political control unhelpful

Faced with spiraling statewide health costs, Massachusetts passed a law in 2008 mandating the state’s attorney general to issue annual reports with recommendations on how to keep a lid on spending. On June 22, Martha Coakley released her latest report, which recommended that the state impose price controls on medical ...
Commentary

Why Don’t Health Insurance Exchanges Work?

A previous entry reported and discussed the lackluster — basically non-existent — results of the Utah Health Exchange, and promised to explain why unsubsidized exchanges are unlikely to attract significant numbers of beneficiaries from the small-group market. The answer, I believe, is pretty straightforward: The administrative costs of operating an ...
Commentary

Senior Citizens Will Pay Dearly For Health Care Price Controls

Squabbles over spending cuts have ruled the negotiations over increasing the debt ceiling. But even after the ink is dry on the budget deal just passed, lawmakers will still be charged with reducing federal spending further. One proposal that refuses to die would impose price controls on prescription drugs in ...
Health Care

Why Health Exchanges Don’t Work

Key Points: The Utah Health Exchange is failing to meet its goals. It is almost certainly true that the administrative costs of operating an exchange are greater than the administrative costs of the traditional small-group market. Any exchange that offers unsubsidized, voluntary coverage will likely have the same poor results ...
Commentary

How ObamaCare Threatens Solvency Of Health Insurers

One of the most remarkable outcomes of ObamaCare is how the stock market has treated commercial health plans, which have rallied significantly. In the two years between the 2008 and 2010 elections, the Morgan Stanley Healthcare Payors’ Index rallied 26% (annualized), vs. only 9% for the S&P 500. Outperformance increased ...
Commentary

Competing To Save The Health-Care System Money

American seniors recently received some good news — they won’t be seeing higher premiums in 2012 for their Medicare prescription drug benefits. In fact, the rates they pay for prescription drug coverage under Medicare Part D will decline this coming year, according to the U.S. Department of Health and Human ...
Business & Economics

The Federal War Against Medical Technology

At about $75 billion annually, U.S. private-sector investment in medical technology is substantial, and a large body of research demonstrates that the economic returns to these investments are enormous. But emerging federal policies are likely to create powerful disincentives for the research and development of medical innovations, in particular, pharmaceuticals ...
Commentary

The Latest ObamaCare Assault On Health Care Innovation

The list of health services that ObamaCare requires all insurers to cover without co-pays or deductibles keeps growing. The latest additions include an array of “women’s wellness” services and products: birth control, breast pumps, domestic violence counseling, and more. Of course, these additional benefits aren’t really “free.” They drive up ...
Business & Economics

Police beating sparks needed national debate

The latest cheesy TV cop series, “Against The Wall,” is about a Chicago woman from a family of police officers who becomes a detective in the department’s internal-affairs unit. This causes outrage among her police brothers and dad, who view internal oversight work as treasonous. The trailer is filled with ...
Commentary

Counting Up ObamaCare’s Health Cost Inflation

It’s time to add yet another study to the growing list of research showing that ObamaCare isn’t delivering on its grand promises. In the July issue of the journal Health Affairs, Medicare’s actuaries released new estimates of the rate of growth of national health costs. Surprise, surprise — they’re projected ...
Commentary

Political control unhelpful

Faced with spiraling statewide health costs, Massachusetts passed a law in 2008 mandating the state’s attorney general to issue annual reports with recommendations on how to keep a lid on spending. On June 22, Martha Coakley released her latest report, which recommended that the state impose price controls on medical ...
Commentary

Why Don’t Health Insurance Exchanges Work?

A previous entry reported and discussed the lackluster — basically non-existent — results of the Utah Health Exchange, and promised to explain why unsubsidized exchanges are unlikely to attract significant numbers of beneficiaries from the small-group market. The answer, I believe, is pretty straightforward: The administrative costs of operating an ...
Commentary

Senior Citizens Will Pay Dearly For Health Care Price Controls

Squabbles over spending cuts have ruled the negotiations over increasing the debt ceiling. But even after the ink is dry on the budget deal just passed, lawmakers will still be charged with reducing federal spending further. One proposal that refuses to die would impose price controls on prescription drugs in ...
Health Care

Why Health Exchanges Don’t Work

Key Points: The Utah Health Exchange is failing to meet its goals. It is almost certainly true that the administrative costs of operating an exchange are greater than the administrative costs of the traditional small-group market. Any exchange that offers unsubsidized, voluntary coverage will likely have the same poor results ...
Commentary

How ObamaCare Threatens Solvency Of Health Insurers

One of the most remarkable outcomes of ObamaCare is how the stock market has treated commercial health plans, which have rallied significantly. In the two years between the 2008 and 2010 elections, the Morgan Stanley Healthcare Payors’ Index rallied 26% (annualized), vs. only 9% for the S&P 500. Outperformance increased ...
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