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…

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…

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,…

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…

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…

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.