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Healthcare News

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26 02, 2016

This MIT Professor Thinks Wall Street Can Fix High Health Care Costs

By | 2017-03-27T22:04:57-04:00 February 26th, 2016|Categories: Healthcare News|Tags: , , |0 Comments

IT WAS DURING the financial crisis that Andrew Lo had his epiphany: The way to save health care from ever-rising costs is by bringing in the banks. Specifically, by packaging drug development costs into securities to be bought and sold by Wall Street—the very, um, mortgage-bundling technique that blew up the economy in 2007. “The reason the financial crisis happened is not because securitization didn’t work. It happened because it worked way too well,” says Lo, a professor of financial engineering at MIT. Securitization injected a huge pool of money into mortgages—what if you could inject that pool of money into a worthwhile cause and, ahem, do it responsibly?

24 02, 2016

What You Don’t Know About Obamacare Could Hurt You

By | 2017-03-27T22:07:00-04:00 February 24th, 2016|Categories: Healthcare News|Tags: , |0 Comments

Smaller remodelers may think they have nothing to fear from Obamacare in 2016. But they’re wrong, say experts. A little-known Affordable Care Act–related fine of $100 per day per employee enacted in 2015 has the potential to “blindside” some remodelers in 2016—unless a Congressional action can save them.

22 02, 2016

If Only Health Care Would Focus On This One Thing

By | 2017-03-27T22:08:25-04:00 February 22nd, 2016|Categories: Healthcare News|Tags: |0 Comments

Healthcare does not need to be difficult. It is actually rather simple; the problem resides in that far too many individuals have accepted false premises. We do not need fancy, overly elaborate systems for healthcare. In fact, per the featured article, only one thing really needs to be done well. Focus needs to be on what the healthcare CUSTOMER wants. That's it. And I would wager that, among some other things, customers desire SIMPLICITY in regards to healthcare procurement and payment. Drilling down even more, shouldn't healthcare be like ANY OTHER market, bearing actual, comprehensible prices?

20 02, 2016

How to Cut Your Health-Care Bill: Pay Cash

By | 2017-03-27T22:09:35-04:00 February 20th, 2016|Categories: Healthcare News|Tags: , , |0 Comments

As consumers get savvier about shopping for health care, some are finding a curious trend: More hospitals, imaging centers, outpatient surgery centers and pharmacy chains will give them deep discounts if they pay cash instead of using insurance. When Nancy Surdoval, a retired lawyer, needed a knee X-ray last year, Boulder Community Hospital in Colorado said it would cost her $600, out of pocket, using her high-deductible insurance, or just $70 if she paid cash upfront. When she needed an MRI to investigate further, she was offered a similar choice—she could pay $1,100, out of pocket, using her insurance, or $600 if she self-paid in cash. Rather than feel good about the savings, Ms. Surdoval got angry at her carrier, Blue Cross Blue Shield of Arizona. “I’m paying $530 a month in premiums and I get charged more than someone who just walks in off the street?” says Ms. Surdoval, who divides her time between Boulder and Tucson. “I thought insurance companies negotiated good deals for us. Now things are totally upside down.”

18 02, 2016

How Obamacare is Cutting YOUR Salary — and YOUR Vacation Budget

By | 2017-03-27T22:11:23-04:00 February 18th, 2016|Categories: Healthcare News|Tags: , , |0 Comments

Economic reality is catching up with the Affordable Care Act, aka Obamacare, according to two recent reports. The problem is that while acts of Congress can be repealed, the basic laws of economics cannot. In this case, the law in question is one that most students are taught on the first day of economics class: There is no such thing as a free lunch. Someone always pays. Obamacare is proving no different. First, people with employer-based health insurance are paying in the form of lower salaries because of the extension of coverage to dependent children through age 25. "We find evidence that employees who were most affected by the mandate, namely employees at large firms, saw wage reductions of approximately $1,200 per year," states a January-dated report from the National Bureau of Economic Research. That's $1,200 per year that employees would have received if it not for the implementation of Obamacare, according to the report.