Slow Health Care Spending has Already Substantially Reduced the Deficit

By: Wednesday February 6, 2013 8:27 am

As I pointed out last week, there has now been a three year trend of Medicare per beneficiary spending growing at a very slow rate. These three years of slow growth have already produce substantial reductions in the deficit, according to the Congressional Budget Office’s new budget outlook.

Private Insurance Costs Increased 4.6% in 2011

By: Tuesday September 25, 2012 9:58 am

Once again health care spending in America grew much faster than the economy as a whole. After a few years of slowdown in growth (likely resulting from the broader economic downturn), health care spending in 2011 picked up. According to a new report by the Health Care Cost Institute, spending among people with employer-sponsored insurance [...]

It is a Corruption Problem Not Waste

By: Friday September 7, 2012 12:14 pm

A new report by the Institute of Medicine has been getting a fair amount of attention. The report not surprisingly found that the American health care system is radically more expensive than it should be. It found that in 2009 the nation spent an estimated $750 billion in unnecessary health care spending. From their press [...]

The Stupidity of the “Skin in the Game” Theory for Controlling Health Care Costs

By: Thursday January 12, 2012 9:56 am

If you actually wanted to reduce health care spending you need to reduce how much we are actually paying for health care products and services. Not only do we spend way more than the rest of the industrialized world on administrative costs, we also pay way more for the exact same drugs and treatments. Forcing [...]

Robert Samuelson Ignores Reality About Solving Health Care

By: Monday November 28, 2011 9:40 am

Robert J. Samuelson writes an extremely disappointing¬† and misleading article about health care policy in today’s Washington Post. The column starts out fine with Samuelson looking at the basic OECD data that shows America spends dramatically more on health care than any other industrialized country on earth but doesn’t get better health outcomes as a [...]

Massive Insurance Rate Hike In California Despite Slow Growth in National Health Care Spending

By: Thursday January 6, 2011 8:15 am

This morning is the tale of two headlines — one from The New York Times and one from the Los Angeles Times — which are completely at odds with each other with regard to health care costs and the rationale for premium rate hikes. If health care spending has grown by only 4%, why does Blue Shield of California need to increase its rates by as much as 59%?