The Lone Economist Does Drugs

The prices of some life-saving drugs are astronomical in the United States with some treatments costing over $100,000 over the course of a year. Unlike its pricing policies for other types of healthcare, Medicare pays roughly the same for prescription drugs as private insurers. This policy has come under attack by several policy-makers and politiciansContinue reading “The Lone Economist Does Drugs”

How to Lower Health Insurance Premiums

Continuing our outline of Medicare Prime (MP), an “optimal” public health insurance system based on economic principles and data-driven research, we explore one of its benefits for middle-income households, i.e. lower premiums. Why Insurance Premiums Are So High In an earlier post I explained how Medicare and Medicaid (M&M) affect the private insurance market. M&MContinue reading “How to Lower Health Insurance Premiums”

The Cost of Obamacare

Private health insurance alone can never provide protection for all Americans. People with pre-existing medical conditions (including old age) will not be able to afford the premiums charged to them and healthy, risk-neutral people will find the purchase of private insurance too much of an unfavorable bet. To close this coverage gap, many government-financed solutionsContinue reading “The Cost of Obamacare”

Is Treating Medicare Patients Profitable?

This post is the latest in a series that establishes what an optimal health insurance system would look like, how much it would cost and who would pay for it. Past posts analyzed the number of uninsured people in the US (it’s not as many as officially reported), the cost of a single-payer system (it’sContinue reading “Is Treating Medicare Patients Profitable?”

The U.S. Healthcare System Might be Better than You Think (Part II)

Last time we outlined the challenges posed by the single-payer model of health insurance adopted by Canada, the UK and several other countries. The gist of that posting was that single-payer systems rely entirely on tax revenues to compensate providers for the costs they incur and therefore the aggregate cost of healthcare is under-reported inContinue reading “The U.S. Healthcare System Might be Better than You Think (Part II)”