Patients enrolled in Medicaid have worse survival rates than those with private insurance or even no insurance at all, according to a new study focused on Ohio Medicaid recipients published in the journal Cancer. Researchers Siran Koroukian, Paul Bakaki, and Derek Raghavan compared survival and five-year mortality with Medicaid status in more than 11,000 Ohio adults aged 15 to 54 years and diagnosed in the years 1996-2002 with eight highly treatable cancers. They also sorted…
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FreedomWorks: Don’t Accept a Soft Obamacare Mandate
One of the big questions on the minds of many in Washington at the moment is: what comes after the individual mandate? Should the Supreme Court strike the requirement down but not strike down President Obama’s entire law, some substitute will likely be proposed by the White House and its allies in Congress. Health policy expert Dean Clancy from Freedomworks offers an early rebuttal to possible alternatives to the individual mandate here: First of all,…
Read MoreInsurers Profit from Obama’s Mandate
Health insurance companies have experienced dramatically higher stock prices in the two years since the passage of President Obama’s health care law, thanks to the individual mandate to purchase their product. Wellpoint (WLP) was at about $80/share in 2007, dropped significantly in price shortly after the 2008 election, and is now at about $65/share. Similarly, Humana (HUM) was selling at $84/share in early 2008 and is now at around $90/share. These stock hikes result in…
Read MoreConsumer Power Report: What Does Affordable Health Insurance Mean?
The name of President Barack Obama’s health care law is, of course, the Affordable Care Act. But a major clash has broken out in Washington regarding what that word “affordable” really means–and billions of dollars in subsidies hang in the balance. As we’ve noted in the past, Richard Burkhauser of Cornell was the first to spot this problem, an error made during the evaluation process of Obama’s law that artificially diminished the cost of its…
Read MoreDeMint: Obamacare Will Raise $4 Trillion in Taxes by 2035
A new report released by the Joint Economic Committee and authored by Sen. Jim DeMint (R-SC) argues that the tax burden of President Obama’s health care law is far larger than previously acknowledged – and that extending the burden out beyond the current windows of analysis reveals a heavy increased tax burden on America’s middle class. The report can be found here. In an op-ed DeMint wrote for Investor’s Business Daily, he explains the rationale…
Read MoreConsumer Power Report: Medicare Funding Shenanigans
Today will bring the latest report from the Medicare trustees on the program’s solvency, or lack thereof. Expect a slight improvement to appear thanks to the 2 percent cut to providers mandated under the sequestration agreement – but that’s fool’s gold, and everyone knows it. An interesting side note to the trustees’ report is this story regarding a GAO report on a specific aspect of Medicare’s funding failures – namely, that the Obama administration is…
Read MoreVermont Embraces Single Payer Despite Obamacare Uncertainty
Regardless of how the Supreme Court rules on the constitutionality of President Obama’s health care law this summer, Vermont will move forward in creating the first single-payer health insurance system in the United States. Under the system signed into law by Democrat Gov. Peter Shumlin in May 2011, a universal, taxpayer-financed government-managed system, Green Mountain Care, will replace private health insurance. All decisions about health care in the state will be made by a five-member,…
Read MoreMedicare Expands Competitive Bidding Program for Devices
The Centers for Medicare and Medicaid Services have announced plans to expand the controversial competitive bidding program for medical devices which has to this point been a pilot project. The New York Times reports: The experiment represented a sharp break from the usual fee-for-service Medicare program, under which beneficiaries can choose any supplier or provider of goods and services. In the experiment, Medicare officials invited bids and awarded contracts to 356 suppliers of medical equipment…
Read MoreExtreme health risks, common causes
A whole variety of health risks lie in wait in places you come in contact with throughout your everyday life. There may be very little you can do to spare yourself from falling prey to the common bacteria and viruses colonizing on your skin, in your bathtub, at the pool, the doctor’s office and in the nasal membranes of your coworkers… but in most instances, good hygiene is the only barrier that stands between you…
Read MoreWhat will you die of…today?
The 1957 Popular Science article “What Will You Die Of?” said the average 45-year-old American is “about the luckiest man alive—just because he is alive.” It then went on to say that odds of that same American living until he was 65 were just one in three. In the years following this article, major medical advancements unfolded: The Internet was discovered and utilized as an important communicative tool; the first heart bypass surgery was performed…
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