Tag: Hospitals

High U.S. Health Prices from Market Power? »

The National Academy of Social Insurance (NASI) recently published a consensus report on healthcare-provider consolidation. Basically, we have a growing problem in that hospitals are buying up each other and also physician practices, which leads to reduced competition and higher prices. The report was promoted with an op-ed in The Hill by the esteemed…
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Did a Health Insurer Pay over Ten Times the Self-Pay Price for Outpatient Surgery? »

A story from Arizona is a cloud with a silver lining: Teresa Anderson was pleasantly surprised how quick and hassle-free her eyelid-lift surgery was at Havasu Regional Medical Center’s outpatient-surgery facility in April 2014. Weeks later, the bills arrived at her Lake Havasu City home. Her surgeon, anesthesiologist and X-ray provider submitted bills and…
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Health Jobs Grow Twice as Fast in April as Other Jobs »

Of the 223,000 jobs added in April, 45,000 were in health services, according to the latest Employment Situation Summary from the Bureau of Labor Statistics. Health services employment rose by 0.30 percent monthly, while other nonfarm, civilian employment grew only 0.14 percent. This continues the trend seen in March. As shown in Table 1, jobs…
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Florida’s Financial Health Care Follies, and a Problem with a Part-Time Legislature »

The one constitutional responsibility of Florida’s legislature is to pass a budget — something Florida’s solidly Republican House and Senate could not do by the end of their regular legislative session. The big issue that divided them was how to deal with the Affordable Care Act’s mandates. Here’s the issue. Florida has been receiving…
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Despite Weak U.S. Employment Numbers Overall, Healthcare Jobs Continue Steady Climb »

Last Friday’s very weak jobs report from the Bureau of Labor Statistics (BLS) was greeted as bad news, but it disguised more good news for the heath sector: Job growth in March kept its steady pace. Obamacare’s healthcare jobs boost appears to be trending nicely despite weakness in February. Almost one in five of…
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Weak Health Jobs Growth; Mostly in Hospitals and Physicians’ Offices »

Last Friday’s employment report, cheered as positive, had a grey lining for health workers, corroborating last December’s signal of weakness. Total nonfarm payroll increased by 295,000 from January, but only 24,000 (fewer than 8 percent of the total) were health jobs. And 9,000 of those jobs were in hospitals. Physicians’ offices saw 7,000 jobs,…
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Why Hasn’t Medicare Advantage Collapsed? »

Milliman, the actuarial consulting firm, has published a new report on the impact of the government’s cuts to Medicare Advantage. The report was sponsored by the Better Medicare Alliance, which announced that “Seniors now face soaring maximum annual out-of-pocket costs” due to the cuts. And yet, the purported cuts have not really bitten health insurers. Medicare Advantage enrollment…
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“Site-Neutral” Medicare Payments: A Good Idea from President Obama’s Budget »

Imagine that there are two providers of the same service. Their quality and timeliness are comparable. However, one provider charges significantly more than the other. In a normally functioning market, you would expect that the more expensive provider would have to significantly change its cost structure to stay in business. What if the more…
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Medicaid Expansion Does Not Create Healthcare Jobs »

Ani Turner of the Altarum Institute has examined the growth in healthcare jobs in states which expanded Medicaid versus those which did not expand Medicaid. Here are an image and an excerpt from her blog: This preliminary analysis shows that the recent acceleration in health care job growth should not be attributed primarily to Medicaid…
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High Taxes, Lack of Federal Bailout Make Vermont Cancel Single-Payer Plan »

Vermont Governor Peter Shumlin has cancelled his longstanding plan to impose government-monopoly health care in the Canadian border state: Tax hikes required to pay for the system would include a 11.5 percent payroll tax as well as an additional income tax ranging all the way up to 9.5 percent. Shumlin admitted that in the…
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