posted by admin at 5:36 am
According to a study by the RAND Corporation, high-deductible plans do, in fact, lower healthcare spending.
However, these plans also have the effect of reducing preventative care–like immunizations and cancer screenings–which likely has downstream costs. So, it seems, there really is no free lunch.
posted by admin at 6:25 am
In this “tell all” interview from the NYTimes a former healthcare insurance exec answers questions about health insurance. Interesting throughout.
posted by admin at 6:11 am
Slate’s Tim Noah provides what I regard as scary numbers made possible by the obtaining “mini-med” status–recently, and most notoriously obtained by McDonald’s Corp. This sweeheart deal is parf of the administrations recent creation of amedical loss ratio provision, allowing exemptions from “Making Healthcare Affordable Act.”
Maybe this falls under the something-is-better-than-nothing category?
posted by admin at 3:59 pm
The New York Times reports on very expensive costs to our healthcare system.
The government has arrested 40 people suspected of defrauding Medicare of something in the neighborhood of $100 million.
I had known that healthcare was expensive, but had no idea that it was, at least in part, due to what appears to be significant fraud.
The NYTimes article is helpful, providing advice to Medicare recipients for keeping their information safe.
posted by admin at 2:45 pm
The state of New York faces a $200B shortfall in its healthcare obligations to retirees. (See this article).
There are essentially two strategies to handle this: renegotiate promised benefits and/or do more with existing capacity. Probably both will be required.
We’ve had the experience a number of times where we’ve been able to help organizations avoid large capital expenditures by helping them to better utilize their current resources–all with a total focus on meeting patient needs exactly.
Frankly, I’m hoping New York can meet their obligations by increasing capacity to care for retirees, without cutting benefits. I don’t know about re-capturing $200B, but I know they can reduce their liabilities through more effective use of their current facilities, technology and (especially) people.
posted by admin at 9:58 am
The New York Times reports that over the last decade corporations are passing more of the cost burden for health benefits along to their workers. As budgets get tight, businesses are having trouble keeping up with the rate of inflation for health insurance premiums.
I’ve felt the pain. Have you too?