This month Harvard Business Review (HBR) published the dramatic results of Walmart’s innovative centers-of-excellence (COE) care-bundling initiative. Walmart’s third-party administrator, Health Designs Plus (HDP), claims that this approach saved Walmart $86 million on spine surgery alone over 3 years, and could “address the cost-and-quality dilemma and drive change nationally.” But will it? FixingUSHealthcare blog agrees that … Continue reading Walmart’s Care Bundling – Will It Fix U.S. Healthcare?
Fixing U.S. Healthcare blog has claimed the high cost of U.S. healthcare is the Real Problem paying such a high price diverts resources from other important national priorities if left unchecked, these relentlessly rising healthcare costs will seriously weaken the nation over time. Two recent authoritative op-eds support the first two claims, but not the … Continue reading Paying for the High Cost of U.S. Healthcare
Healthcare is in the news a lot lately. Here are summaries of 3 recent articles along with my comments: 1. Health insurers use cash and gifts to sway which benefits employers choose Link: https://www.propublica.org/article/health-insurance-brokers-cost-commissions-bonuses Summary: Health insurance companies give out lucrative commissions and bonuses for influencing brokers who set up coverage plans. These incentives are not … Continue reading Healthcare Reform Is in the News
One of the most potent objections to government-backed universal healthcare is the problem of free riders. John Smith said in 1608, “he that will not work shall not eat.” Getting something for nothing offends the American sense of fairness. But is this the right way to think about healthcare? Let’s look at free-rider claims and … Continue reading Healthcare Reform: What About Free Riders?
Wages are up 3.2% for 2018, according the Bureau of Labor Statistics. So, why don’t we feel 3.2% richer? It’s because relentless healthcare cost increases are eating up one-quarter of our gains. Gross annual pay increased $1,507, but one-quarter of it was taken right out of our paychecks to pay our healthcare premiums. This … Continue reading Wages Are Up, But Whittled Down by Rising Healthcare Costs