T. Sowell: The "Costs" of Medical Care: Part II

[spursncowboys]

That there will be death panels.

That's not a lie. That is a prediction.

[ChumpDumper]

That's not a lie. That is a prediction.

Pretending it is a fact is lying. He's a liar. A demagogue. Used to think he was different, but not anymore. Just another liar. I'm sure you admire him more now.

[Winehole23]

still no death panels, but giant de facto subsidies to drug companies (and comparatively dear prices for US patients) through Medicare Part D:

Of all of the many poor domestic tax decisions that came out of the Bush Administration, the massive corporate giveaway that is Medicaid Part D was one of the most offensive.

A new study has found that this is a very expensive mistake. Its le: “Medicare Part D pays needlessly high brand-name drug prices compared with other OECD countries and with U.S. government programs.”

http://www.ritholtz.com/blog/2015/09...part-d-prices/

[Winehole23]

^^^ still true about Medicare part D, the biggest expansion of social welfare spending since the Great Society (under GWB), it has shifted costs massively to patients

There is new data from a JAMA study out on Friday that suggests that patients ought to watch their wallets. Over the past five years, patients in standalone Part D drug plans have seen a massive shift from fixed co-pays to coinsurance based on the price of the medicine. That’s driven out-of-pocket costs up, from an average of $47 to $102 a month.

The same phenomenon has not been present in Medicare Advantage drug plans, which have more ways of offsetting drug prices.

Here’s what that looks like graphically:

https://costcurve.beehiiv.com/p/new-jama-research-shows-how-much-and-how-rapidly-part-d-plans-have-shifted-drug-costs-to-consumers

[benefactor]

I swear man, no one locates the decade old post like you do

[Winehole23]

I swear man, no one locates the decade old post like you do

I like finding continuities-- and also the old posts

this subforum is like a clip file