“More Americans are turning to cheaper Obamacare plans to avoid premium sticker shock, according to preliminary data from states.
But the switch comes with a caveat: thousands in extra out-of-pocket costs that policy researchers say may make people hesitate to get medical care when they are sick or injured.
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The subsidies’ expiration on Jan. 1 caused annual premiums to spike more than $1,000 on average for subsidized enrollees, according to one estimate from the health research organization KFF.”
“The HHS stressed on Monday that all 17 vaccines, including those no longer recommended for all children, will still be covered at no out-of-pocket cost to patients by government and private health insurance plans.”
“Mark Cuban is taking aim at the U.S. healthcare system, arguing that widespread billing abuse by insurers and providers could be a major source of federal revenue–if only they were held accountable.
“If we fined insurers and providers $100 every time they over-billed, incorrectly denied care or misrepresented any amount of patient out of pocket, we could pay off the national debt,” the billionaire entrepreneur posted on X last week.”
By letting the Covid-era boost to ACA subsidies end, Republicans are making health insurance for 24 million people much much more expensive. These are people who: don’t get subsidized health insurance at work, make too much for Medicaid, but also too much for regular ACA subsidies. Many are small business owners.
“The sum of statistical lives saved vastly exceeds the number of actual lives.
Think of all the things that have saved your life. Every breath you take, every heartbeat, every car and lightning bolt that didn’t hit you. Yet, you’re only alive once. Even if we restrict ourselves to the effects of government programs, the total statistical lives saved by all programs is far greater than the population.
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Wyse and Meyer only show one side of the ledger—the reduction in mortality among people who gain Medicare eligibility. On the other side are the statistical lives lost from the people the money is taken from, or the programs cut.
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Counting statistical lives saved or lost is a debased currency, because it counts each actual life multiple times. And citing only the good side of the ledger makes it impossible to evaluate.
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after the Medicaid expansion, total expenditures increased by more than $1 trillion. That spending also costs statistical lives
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the money could have remained in taxpayers’ bank accounts, which also could promote good health. Mortality declines with income. Even if the Medicaid expansion were a cost-effective way to improve mortality, you have to consider the other side of the ledger.
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The lifesaving medical measures with the biggest impact, such as vaccinations and antibiotics, are relatively cheap. The Medicaid expansion may have relieved financial stress and made the program’s beneficiaries more physically comfortable, which are better criteria for evaluating its impact.
Now consider the 2013 NEJM study trumpeted by conservatives, which examined various health measures. It found that Medicaid enrollment resulted in large and statistically significant improvements in patients’ subjective estimates of their health and quality of life, as well as significant reductions in their financial stress. But it did not find a statistically significant impact on mortality.
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The two studies are more valuable in combination than individually. The NEJM study had the advantage of random assignment and detailed individual data. The NBER paper had a much larger sample size and time interval. Both found significant benefits to Medicaid recipients, although they did not establish that these benefits were any greater than could have been obtained by simply giving each recipient several thousand dollars per year. Neither study convincingly answered whether Medicaid improved health or saved statistical lives.”
Medicare Advantage private health insurance companies have a strong say in whether someone gets elevated medical care. They have the incentive to see you as healthier than you are so they don’t have to pay for Medical care. Whistleblowers say that United Healthcare has said something like ‘they are old anyways, so maybe no one will notice’.
United Healthcare apparently illegally incentivized nursing homes to give United Healthcare leads so the insurance company can sell old people products. Families have complained that their loved ones were sold products when the elderly family member was not capable of making such a decision.