Insurance copays are higher than the cost of the drug about 25 percent of the time, according to a study published in March by the University of Southern California’s Schaeffer Center for Health Policy and Economics. https://www.pbs.org/newshour/health/why-a-patient-paid-a-285-copay-for-a-40-drug
Tag: Health insurance
Improving Hospital Competition: A Key to Affordable Health Care
In 2011, James Robinson of the University of California reviewedhospital prices charged to commercial insurers for six common procedures: angioplasty, pacemaker insertion, knee replacement, hip replacement, lumbar fusion, and cervical fusion. He found that, on average, procedures cost 44 percent …
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Morals Matter in Policy Making
The notion that there are only two options for healthcare… 1) Central single payer systems vs 2) The current U.S. system or worse…is a false dilemma with false choices. Efficient economies (socially sustainable marketplaces) utilize multiple financial tools depending on …
Healthcare: What to Watch For
“…it is important for employers to be fully aware of what the regulations may impact them to safeguard against inadvertently putting themselves, or their employees, in an untenable situation. It is important for an employer looking to offer an unconventional …
A Brief History of the Free Market Healthcare Movement: A discussion with Jay Kempton & Dr. Keith Smith
by Megan Freedman – Editorial Manager, Free Market Healthcare Solutions magazine These names are, in many ways, synonymous with the current free market movement, and for good reason. These men are the mavericks of healthcare. When Dr. Smith and Mr. Kempton were …
Carrier Networks and the Cartel-ization of Healthcare
by Robert Nelson, MD When we have a situation, as we do in healthcare, where the networks have cornered the market and control the pipeline of patients, along with the magnitude & directional flow of money in the system, …
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The Triumvirate of Healthcare Spending
by Robert Nelson, MD 1. Price distortion 2. Price Insulation 3. Price Confusion Shared via PowerPoint on Android.
Deconstructing Insurance Coverage Myths in Healthcare is Fundamental to Controlling Costs.
by Robert Nelson, MD The assumptions on which our modern era healthcare third-party payer systems are based, including Medicaid/Medicare, ignore the economic disincentives that plague its continued use. It creates a wide-spread Public Choice Theory dilemma on the demand …
