Unbiased Analysis of Today's Healthcare Issues

Archive for August, 2009

Quotation of the Day

“The whole notion that the music industry has been operating under for the last 10, 15 years is that every download represents a lost sale. You know, what has radio been except for a free download?  People want to hear the music first before they invest in it. If it’s good, they’re going to want […]

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Medicare Reimbursement Information I

This week, I will be discussing Medicare Reimbursement in detail.  The Medicare Payment Advisory Commission (MedPAC) has a high-quality series of reports analyzing Medicare’s reimbursement system. Findings from these reports includes: Physician Services In 2006, about 569,000 physicians billed Medicare. In 2007, Medicare paid $60 billion for physician services. All physician services are reported to […]

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Paying for Le Treatment

When a N.Y. Times journalist’s husband felt chest pain during their stay in France, they  went to the emergency room.  Although it turned out to be pneumonia, the journalist generally lauds French health care system, despite some excessive bureaucracy.     N.Y. Times: “For X-rays, an EKG, 10 hours in the emergency room, a doctor, […]

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Growth Rates of National Health Expenditures and GDP: 1960-2007

From a NCPA report. From 1960 to 2006, GDP grew at 2.27% per year. Over this time period, GDP increased cumulatively by 174%. From 1960 to 2006, national health expenditures (NHE) grew at 4.79% per year. Over this time period, NHE increased cumulatively by 721%. For more details, see this chart.

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Friday Links

Employers face a 10.5% health care cost increase. A libertarian supports Obama’s bank bailouts. If ObamaCare is like health care in Massachusetts, premiums will grow “21 to 46 percent faster than the national average.” When property rights are welfare destroying: natural spring property rights. Debt to double in the next decade. Tips on healthy traveling […]

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Does Hospice Care Reduce Medicare’s cost for end-of-life care?

Historically, Medicare recipients in their final year of life generated about six times the expenditures of the average surviving Medicare enrollee and accounted for almost 30 percent of total program spending. However, in the late 1980s, a confluence of two forces helped increase the use of hospice care among Medicare beneficiaries. First, in 1984, Medicare […]

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Cavalcade of Risk #86: Rate-This-Post edition

The latest edition of the CoR is up at Political Calculations.  It even has a Moody’s/S&P-style rating system telling you which posts you need to read.

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CBO Health Care Expenditure Forecasts

The Congressional Budget Office (CBO) periodically releases its 75-year health care spending projections. Current projections forecast the following health care spending levels: Total spending on health care would rise from 16% of GDP in 2007 to 25% in 2025, 37% in 2050 and 49% in 2082. Federal spending on Medicare (net of beneficiaries premiums) and […]

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Does a bad economy increase blood donation?

A bad economy should increase blood donation.  As more individuals lose their job, they now have more free time to donate blood.  The opportunity cost of their time is lower, since they don’t have to miss work to donate blood.  A bad economy also creates more sympathy for those in need; thus, donor morale may […]

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Today’s Hot Links

Apologizing to patients saves money on malpractices suits. Democratic seniors citizens don’t want the public plan to jeopardize the public plan they already have: Medicare. Threat to Brazilian Social Security system: Viagra Men. Do Americans support government-run health care?  Depends how you ask the question. Pre-season NFL Football has started: the Packers look good.

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